G+T is pleased to have advised Igneo Infrastructure Partners on its agreement to acquire Strait Link, the largest integrated freight logistics provider across Bass Strait. Igneo has confirmed a binding sale agreement with Allegro Funds for 100% of the business. Strait Link operates purpose-built shipping and logistics assets and is central to Tasmania’s economic connectivity.
The acquisition represents a significant investment in critical transport and logistics infrastructure and aligns with Igneo’s strategy to invest in high-quality, diversified infrastructure assets across the transport, logistics, energy and digital sectors.
Strait Link plays a vital role in the Bass Strait supply chain, supported by long-term terminal leases at the ports of Burnie and Melbourne, an extensive logistics network across Tasmania and a strong market position in freight and shipping services. The business is critical to maintaining continuity of supply for Tasmanian producers and consumers.
The transaction to acquire 100% of Strait Link from Allegro Funds is subject to customary regulatory approvals, with completion expected in the first half of 2026.
The G+T team advising on the Strait Link acquisition was led by partner Nirangjan Nagarajah and lawyer Alicia Un, with support from a number of lawyers and specialists from across the firm, including Ben Fuller, Simon Muys, Amanda Hempel, Ben Cosentino, Adrienne Mallinson, Sarah McArthur, Moe Ayman, Lucy Savona and Paige Carter.
G+T is also supporting Igneo on the financing aspects of the transaction, led by partner John Schembri and lawyer Alana Maloney.
Commenting on the transaction, Nirangjan said:
Strait Link is a critical piece of Australia’s transport and logistics infrastructure, underpinning essential supply chains between Tasmania and the mainland. We were pleased to expand our relationship and support Igneo on this strategically important acquisition, which reflects strong investor confidence in high-quality, essential infrastructure assets.
This transaction follows a number of major infrastructure matters on which Gilbert + Tobin has recently supported the Igneo team, including the sale of its 15.3% interest in Adelaide Airport to IFM Investors and UniSuper. The sale reflects Igneo’s active portfolio management and capital recycling strategy, while maintaining Australian institutional ownership and continuity of operations at this critical transport asset. The increased holdings by IFM and UniSuper also reinforce the strategic importance of infrastructure in superannuation portfolios.
G+T has also recently advised Igneo and its leading renewable energy platform, Atmos Renewables, on the acquisition of Neoen’s majority stake in the Hornsdale Wind Farm, resulting in full ownership of one of Australia’s most prominent renewable energy assets.
