ANZIS sold

ANZ sold ANZ Infrastruture Services to an investor group including management for an undisclosed sum, but speculated to be for more than $30 million, according to The Australian. The buyers rather than ANZ publicised the investment yesterday.

One of the investors is Mike Fitzpatrick, chair of the AFL Commission and a founder of Hastings Fund Management, an infrastructure funding firm founded in 1993 and sold to Westpac in 2005. Fitzpatrick will own 50 per cent of  ANZ Infrastructure Services, which plans to change its name.

John Clarke, managing director of ANZIS, will hold a 40 per cent stake (double his present stake). Less Fallick, another long-time operator in the sector, will hold the balance.

The chief assets managed by ANZIS are the Energy Infrastructure Trust and the Diversified Infrastructure Trust and there is about $1 billion in funds under management.