Macquarie-Led Group to Acquire Potters Industries for $1.1 Billion

A Macquarie-Led Investor Group to Acquire Potters Industries from TJC A group of investors led by Macquarie Group Ltd. has agreed to acquire infrastructure services business Potters Industries from private equity firm TJC, in a deal valuing the company at approximately $1.1 billion, according to people familiar with the transaction. The acquisition is expected to be completed in the coming months, pending regulatory approvals. The deal will see Macquarie Asset Management acquire Potters via a joint venture with US-based Partners Capital and Australian pension fund UniSuper, which will come in as co-investors. A representative for Macquarie confirmed the acquisition, stating that the investment aligns with the company's strategy to expand its infrastructure portfolio. The acquisition price of $1.1 billion represents a significant premium for Potters Industries, which has been valued at around $800 million in previous estimates. The deal is expected to be financed through a combination of debt and equity, with Macquarie providing the majority of the funding. The acquisition is expected to have a positive impact on the infrastructure services sector, with Potters Industries set to benefit from Macquarie's extensive network and resources. The company's expertise in providing infrastructure services, including construction, maintenance, and operations, is expected to be enhanced through the acquisition. Potters Industries is a leading provider of infrastructure services, with a presence in several countries across the Asia-Pacific region. The company has a strong track record of delivering complex infrastructure projects, including transportation, energy, and water infrastructure. TJC acquired Potters Industries in 2018, and the company has since grown its revenue and expanded its operations. The acquisition is expected to have a positive impact on Macquarie's infrastructure portfolio, which has grown significantly in recent years. The company has invested in several high-profile infrastructure projects, including the Sydney Metro and the Melbourne Metro. The acquisition of Potters Industries is expected to further enhance Macquarie's position in the infrastructure services sector. In terms of market impact, the acquisition is expected to be viewed positively by investors, with Macquarie's stock price potentially benefiting from the deal. The acquisition is also expected to create opportunities for Potters Industries to expand its operations and increase its revenue. Overall, the acquisition of Potters Industries by Macquarie is a significant development in the infrastructure services sector. The deal is expected to have a positive impact on the company's operations and revenue, and is likely to create opportunities for growth and expansion.