NEW YORK, August 25, 2014: Morgan Lewis advised leading international port terminal operator APM Terminals North America Inc. in the sale of its state-of-the-art container terminal in Portsmouth, Virginia to a partnership of investment fund affiliates managed by Alinda Capital Partners and Universities Superannuation Scheme Limited (USS). Terms of the deal, which closed on August 22, were not disclosed.
APM Terminals North America Inc. operates terminal facilities in nine major port locations in the United States. Commissioned in 2007 to be equipped with cutting-edge automation technology, the APM Terminals Virginia marine container terminal employs remote-controlled rail-mounted gantry cranes that allow workers to carry out container yard operations in a safer, smarter, more eco-friendly manner.
Alinda Capital Partners is a U.S.-based firm specializing in infrastructure investments in the United States and internationally. USS is the largest private sector pension fund in the United Kingdom and is a long-term investor with a global infrastructure portfolio.
The Morgan Lewis team representing APM Terminals North America was led by Business and Finance partner Martin Conniff, with support from associates Andrew Milano and Dana Smith. The team also included Tax partner Richard Zarin; Employee Benefits and Executive Compensation partners Steven Spencer and Althea Day; Labor and Employment partner Ross Friedman and senior counsel Charles O’Connor; Real Estate partner Tracy Steele and of counsel Kathleen Martin; Antitrust Litigation partners Harry Robins and Stephen Mahinka and associates Heather Fuentes and Jonathan Havens; and Business and Finance partner Terrence Dugan and Environmental Transactions partner Judith Walkoff.
For further information about the transaction, please see the press release issued by APM Terminals North America Inc.