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Chapman Tripp is acting as lead counsel for longstanding client Morrison, a leading global infrastructure investment manager, in connection with its ~US$2.0b+ long-term strategic partnership with Sumitomo Mitsui Trust Bank, Limited ("SuMiTB"), Japan's leading trust bank.
Under the partnership, Morrison will become SuMiTB's preferred global infrastructure manager. The arrangements encompass an initial US$500m commitment into Morrison's global private market Core Plus and Value-add strategies, a US$1.5b+ long-term collaboration agreement, and SuMiTB acquiring a 15% ownership stake in Morrison via a primary equity issuance. The arrangements are subject to regulatory approvals and customary closing conditions.
The Chapman Tripp deal team was led by partners Josh Blackmore and Tom Jemson, with support from solicitor Hye-Song Goo and law clerk Khaleeda Jaafar. Specialist advice was provided by partners Simon Peart and Vivian Cheng, along with senior solicitor Harrison Cooper.
Further details are available in Morrison's announcement.
