Carlyle takes 15% stake in Qube Logistics
Qube Logistics has announced that it has reached an agreement with Carlyle Infrastructure Partners (CIP), a unit of the international private equity giant Carlyle Group, through which the fund will subscribe to up to 91,388,476 shares – or about 15% – of Qube’s capital base.
This breaks down into unconditional and conditional placements by CIP of A$46.3 million initially, and a further $70.3 million on regulatory and shareholder approval, for a total of $116.5 million. If...
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