IFM Investors $5.73 billion acquisition of Indiana Toll Road Concession

Overview:

• Australia-based, privately held investment manager IFM Investors has completed its $5.73 billion acquisition of 100% equity in the bankrupt Indiana Toll Road (ITR) Concession.
• The ITR stretches from Indiana's northern border with Ohio to its border with Illinois.
• The ITR Concession has the sole right to collect toll revenues for the next 66 years.
• Orrick Herrington & Sutcliffe (King Milling, Young Lee, Daniel Mathews) advised IFM.
• Kirkland & Ellis (Tom Christopher, Mike Brueck, Marc Kieselstein) advised ITR.
• Shearman & Sterling (Gregory Tan, Azam Aziz, Robert Freedman, Douglas Bartner) represented the lenders and underwriters in connection with the acquisition financing.

Kurt Stumpo - Journalist - North America and the Caribbean