Baker McKenzie and Buddle Findlay acted for Infratil in its sell down of its 19.91% stake in Metlifecare Limited to Forsyth Barr Limited, for the total amount of $237.93 million.  Buddle Findlay engaged Baker McKenzie to advise on the overseas law aspects (Metlifecare Limited is a New Zealand company with its primary listing on NZX).

Baker McKenzie lead partner, Guy Sanderson stated: "We were delighted to act for Infratil in what was a significant transaction completed in a tight timeframe."

Infratil entered into a block trade agreement with Forsyth Barr Limited for the off-market sale of its 19.91% stake in Metlifecare Limited at a price of $5.61 per share for aggregate consideration of $237.93 million.

Infratil's investment in Metlifecare Limited resulted in an annualised return of 15.5% since the original acquisition on 25 October 2013.

Infratil invests in infrastructure businesses that provide essential services to individuals and communities. If they are efficient and provide good services they create opportunities for profitable growth. This requires continual refinement and improvement because the needs of individuals and communities evolve, business practices improve, and technology changes.

Metlifecare is one of New Zealand's largest retirement village providers. They currently own and operate 24 retirement villages throughout the North Island of New Zealand.

Guy was assisted by Baker McKenzie senior associate, Hoda Nahlous.

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