Global law firm White & Case LLP has advised Natixis, Deutsche Bank AG and Standard Chartered Bank as mandated lead arrangers, underwriters and bookrunners to Morgan Stanley Infrastructure Partners, a private infrastructure investment platform within Morgan Stanley Investment Management, on its proposed acquisition of 49 percent of the Onslow Iron Road Trust from Mineral Resources Limited for up to AUD$1.3 billion.
"Mine site infrastructure is an attractive asset class for infrastructure funds," said White & Case Partner Brendan Quinn, who led the Firm's deal team. "This was an innovative transaction on which we advised the lenders in supporting Morgan Stanley Infrastructure Partners."
The Onslow Iron Road Trust owns a 150 kilometres dedicated private haul road between the Onslow Iron project and the Port of Ashburton in Western Australia. The Onslow Iron project, being developed by Mineral Resources Limited, is one of the largest iron ore projects currently under development in Australia and is forecast to ship around 35 million tonnes of iron ore per year, with an expected mine life of more than 30 years.
Completion of the transaction occurred on 24 September 2024.
The White & Case team which advised on the transaction was led by partner Brendan Quinn (Melbourne) and included partners Alan Rosengarten, Hilary Cure and Candice Ota (Melbourne), local partner Nathaniel Crowley (Hong Kong), counsel Ashleigh Tang (Sydney) and associates SuZanne Yap, Annie Tran (both Melbourne), Laurence Judges and Marcus Carlei (both Sydney).
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