QIC's Global Infrastructure Fund enters agreement to acquire 100% of Sea Swift

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QIC’s Global Infrastructure Fund (QGIF) has entered into an agreement to acquire 100% of Sea Swift, a privately-owned, integrated marine transport and logistics provider headquartered in Cairns, Australia. QGIF is comprised of domestic and global superannuation, pension, insurance, and sovereign wealth investors.

Sea Swift is the leading provider of general cargo and charter freight services to remote communities in Far North Queensland and the Northern Territory, delivering essential cargo such as food, fuel, household, medical and educational supplies and building products.

This asset joins a high-quality portfolio including the Port of Melbourne, the Powering Australian Renewables Fund, Lochard Energy (which owns and operates the Iona Gas Plant), Boston-based MasParc and most recently Brussels Airport.

Financial close on the transaction is expected to be reached over the next few months.

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