Infrastructure Advisory Group

333 Capital is pleased to have acted as exclusive financial advisor to Infrastructure Advisory Group (‘IAG’) on their partnership with Quintet Yorkway (‘QY’). The partnership will see QY hold a majority investment in IAG to accelerate the growth of the business and to assist in realising IAG’s ambition of being the pre-eminent infrastructure advisory business in Australia.

Background

Founder-led since inception in 2018, IAG has continued to grow and emerge as a leading infrastructure advisor, predominantly to government clients across Australia. With offices in Melbourne, Sydney and Brisbane, and offering advisory services across the entire infrastructure asset lifecycle, IAG has already established itself as a key advisor on Australia’s largest infrastructure projects. IAG’s existing management team will remain with the business and will continue to be responsible for the day-to-day leadership and operation of the business.

QY is a leading private markets investment management firm with a 12-year track record providing mid-market growth equity and private debt funding in Australia and New Zealand. QY has completed 43 investments with over $935m in funds raised, 24 exits and over $300m in funds under management. 

333 Capital was engaged by the Shareholders of IAG to identify a partner to accelerate growth and capitalise on IAG’s market leadership at a faster rate than could be achieved by the Shareholders on their own. 

Our role

The engagement involved 333 Capital designing a tailored process to provide the vendors with a choice of potential partners with competitive terms and ultimately a result that exceeded expectations. As lead advisors throughout the transaction, 333 Capital’s role included:

• Designing the overall transaction strategy, which included responding to a series of unsolicited offers from interested parties.
• ​Assistance with preparing the business for investment including supporting with the documentation of strategic and growth plans.
• Identifying, targeting and engaging with potential growth partners.
• Facilitating an efficient due diligence process with multiple parties, including managing a fulsome data room, external advisors and Q&A process.
• Negotiating a comprehensive suite of transaction and equity documents.

Result

333 Capital led a highly competitive process which culminated in the selection of QY as a growth partner for IAG. QY have a strong cultural alignment with IAG and have given the Shareholders confidence that they can support them in achieving their growth plans.

Ben Dempsey, Chairman of IAG, said: ‘333 Capital designed a transaction process in 2020/21 that produced a result exactly on the timetable proposed that exceeded our expectations in terms of finding the growth partner, valuation and terms. The 333 Capital team worked seamlessly with the IAG team and ensured we could continue to grow our business whilst the process was underway.”