G+T has advised RBC Capital Markets and UBS Securities Australia Limited as underwriters of Atlas Arteria’s $3.1 billion capital raise to acquire a majority interest in the Chicago Skyway.

RBC Capital Markets and UBS Securities Limited were advised by G+T as the joint lead managers, bookrunners and underwriters of toll-road operator Atlas Arteria’s (ASX:ALX) landmark $3.1 billion entitlement offer to purchase a majority interest in Skyway Concession Company. The purchase followed a competitive bid process.

Skyway Concession Company is the concessionaire of the ‘Chicago Skyway’, a critical transport corridor for North America’s third largest US metropolitan area. Australian-based Atlas Arteria is an owner, operator and developer of toll-roads across the United States, France and Germany.

The fully underwritten 1 for 1.95 accelerated non-renounceable entitlement offer was Australia’s second largest capital raising for 2022.

The G+T team was led by Corporate Advisory partner Peter Cook with support from Lucy Hall (special counsel) and Alexandra Berry (lawyer). Peter Cook said: “We are delighted to have advised RBC Capital Markets and UBS on such a significant and complex transaction”.

Lucy Hall added: “It was a pleasure to act for the underwriters on this milestone capital raising; we are privileged to be able to assist our long-standing clients RBC Capital Markets and UBS on this important deal.”