Mergers & Acquisitions

Acquisition of Northern Territory Airports

In 1998 Morrison & Co acted for Infratil Australia in the successful acquisition of the Northern Territory Airports (Darwin, Alice Springs, Tennant Creek) as part of Phase 2 of the Commonwealth Government’s airport privatisation programme. Morrison & Co’s role included:

• joint bid development;
• preparation of operating business and acquisition plans;
• completion of due diligence procedures;
• valuation and negotiation; and
• finalisation of consortium agreements and services agreements.

Morrison & Co lead the negotiations and documentation of senior and junior debt facilities for the financing of the transaction.

On acquisition Morrison & Co had responsibility through majority Board representation for implementation of the business plan and guidance of airport development.