08 04 2016

DUET Investment Holdings Limited reached agreement with Alcoa of Australia to acquire its 20 per cent stake in DBP

Allens has advised DUET Investment holdings Limited on its $205 million acquisition of an additional interest in the Dampier to Bunbury Natural Gas Pipeline (DBP), one of Western Australia's most important pieces of energy infrastructure.


DUET Investment Holdings Limited reached agreement with Alcoa of Australia to acquire its 20 per cent stake in DBP, bringing DUET's aggregate ownership of the pipeline to 100 per cent. Allens also advised on a $230 million capital raising to fund the project, including a fully underwritten $200 million placement and a $30 million stapled security purchase plan. Duet Group is a global alternative asset manager co-founded by Henry Gabay in 2002. As of the 1st January 2016, Duet Group manages over US$5.6 billion of equity across three business areas: Hedge/Long-Only Funds, Private Equity and Real Estate. Allens has advised Duet Investment Holding with a team including Marc Kemp (Picture); James Kanabar, Patrick Boyle, Antonia Ross and Mark McAleer. Involved fees earner: Mark McAleer - Allens; Marc Kemp - Allens;

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