IFM Pays $5.7B For Bankrupt Indiana Toll Road Operator

Law360 | March.12.2015

An Orrick team led by Partners Dan Mathews and Young Lee of the Energy & Infrastructure Group, King Milling and Tal Hacohen of the Corporate Group, and Lorraine McGowen of the Restructuring Group is identified as counsel to IFM Investors Pty Ltd in its $5.72 billion acquisition of 100% of the membership interests of ITR Concession Company. ITRCC operates and maintains the Indiana Toll Road, a 157 mile highway running across Indiana, and also holds an exclusive right to collect revenue from the toll road under a long-term lease and concession arrangement with the Indiana Finance Authority.