King & Wood Mallesons Acts on Palisade Ports’ Acquisition of 50 Per Cent Equity Interest in the Port of Portland

​King & Wood Mallesons has acted for Palisade Ports Pty Limited on its strategic acquisition of Australian Infrastructure Fund’s 50 per cent equity interest in the Port of Portland.

Palisade Ports is an investment company of Palisade Investment Partners, a specialist infrastructure fund manager.

Under the deal, valued at $65.5 million, Palisade will expand its existing diversified Investment Infrastructure Fund which includes assets across a number of sectors including aviation, clean energy and natural gas.

Port of Portland is a deep-water seaport located in Portland in south-western Victoria. The Port handles diversified bulk commodities, including mineral sands, forestry products, aluminium, grain, fertiliser and livestock and delivers $2 billion into the region and the nation each year.