ADQ Acquires 49% Stake in Australia’s Plenary Group
The transaction is pending customary closing conditions and regulatory approvals.
UAE-based investment firm ADQ has joined forces with Plenary Group, an investor, developer, and manager of public-private infrastructure projects based in Australia, to accelerate the expansion of public and social infrastructure worldwide.[1]
ADQ will acquire a 49% stake in Plenary, including shares currently held by Canadian pension fund Caisse de dépôt et placement du Québec.
Despite this, Caisse de dépôt et placement du Québec will maintain a substantial investment in Plenary's Australian assets and remain the major shareholder in Plenary's separate Americas business.
The capital infusion from ADQ will boost Plenary's growth initiatives across key markets spanning Australia, the Middle East, Asia, the UK, and Europe. Additionally, the partnership will see the establishment of a co-investment platform focusing on public and social infrastructure opportunities in the GCC, the Middle East, and Central Asia.
The transaction is pending customary closing conditions and regulatory approvals.
