Macquarie Infrastructure & Real Assets, Aware Super to acquire Vocus

An entity owned by a consortium comprising Macquarie Infrastructure & Real Assets Inc. and its managed funds, together with Aware Super Pty. Ltd., entered into a scheme implementation deed to fully acquire Vocus Group Ltd. for A$5.50 per share in cash.

The transaction values Vocus' equity at A$3.50 billion and implies an enterprise value of A$4.60 billion.

Vocus' board unanimously recommended its shareholders to vote in favor of the deal.

The acquisition also remains subject to court approval and customary regulatory approvals, among others.

Credit Suisse Group AG is serving as Vocus' financial adviser and Allens as its legal adviser for the deal.