Home / transaction / Berkshire Global Advisors represents Hastings in its acquisition by Northhill Capital
Berkshire Global Advisors represents Hastings in its acquisition by Northhill Capital
  • Has been acquired by
  • Berkshire Global Advisors represents Hastings in its acquisition by Northhill Capital

  • Date: November 2017
  • Sector: Private Markets - Real Estate / Assets
  • Sub-Sector: Infrastructure
  • Region: APAC | EMEA
  • Seller AUM: $2.72 Billion
  • Seller Details
    Hastings is a long established, global infrastructure manager founded in 1994 and headquartered in Australia. Hastings established one of the first unlisted infrastructure equity funds in 1994 and one of the first infrastructure-focused debt funds in 1999. Hastings currently manages A$12.6 billion in funds on behalf of institutional investors and employs more than 100 staff across offices in Melbourne, Sydney, London, New York and Asia.

    Buyer Details
    Northill Capital is an independent, privately held asset management business, established in London in 2010, with substantial financial backing from interests associated with the Bertarelli Family. Northill’s longterm strategy is to build a portfolio of high quality, specialist asset management businesses. Assets under management by businesses in which Northill owns a majority interest total approximately US$48 billion (as at 30 September 2017). Northill brings deep industry experience and expertise and the patient, long-term application of substantial private capital to support skilled investment professionals to develop their businesses. Northill Capital LLP is authorised and regulated by the Financial Conduct Authority.

    Transaction Summary
    Westpac Banking Corporation (ASX:WBC) and Northill Capital (“Northill”) have announced that they have entered into an agreement regarding the sale of Hastings. Northill is an independent, privately held asset management business, established in London in 2010. Northill is a long-term investor in high quality, specialist asset management businesses, with extensive global operating experience. As at 30 September 2017, assets under management by businesses in which Northill owns a majority interest total approximately US$48 billion. Northill is focused on investing in a long-term partnership, supporting the continued development of Hastings as an independent asset management business and providing significant co-investment capital to enhance alignment with investors. Hastings is a long established, global infrastructure manager founded in 1994 and headquartered in Australia. Hastings established one of the first unlisted infrastructure equity funds in 1994 and one of the first infrastructure-focused debt funds in 1999. Hastings currently manages A$12.6 billion in funds on behalf of institutional investors and employs more than 100 staff across offices in Melbourne, Sydney, London, New York and Asia.