Igneo Infrastructure Partners to acquire leading Australian logistics business, Strait Link

19 December 2025: Igneo Infrastructure Partners (Igneo), a global infrastructure investment manager which manages A$34.5 billion worth of assets,* has today announced it has entered into an agreement to acquire Strait Link, an Australian end-to-end supply chain logistics company.

Based in Tasmania and Victoria, Strait Link is the largest integrated freight logistics provider across the Bass Strait, linking Tasmania and mainland Australia. With long-term leases over strategic port terminals in Burnie and Melbourne and logistics depots across Tasmania, it has a 45% market share of the Bass Strait trade and is integral to the supply chain in the area.

Under the agreements entered into today, Igneo will acquire Strait Link from Allegro Funds. The transaction is subject to a number of customary conditions, including regulatory consents and is expected to settle in the first half of 2026.

Danny Latham, Head of Igneo Australia and New Zealand said, “Strait Link is a quality addition to our portfolio of assets across the region and aligns with our strategy to invest in a diversified portfolio of core-plus mid-market assets. As a leader in transport and logistics, Strait Link further diversifies our current regional portfolio of quality energy, waste and digital assets and provides the opportunity for long-term growth.”

“We look forward to working closely with the Strait Link management team to deliver a reliable and efficient service to Strait Link’s customers and forecast attractive long-term returns for our investors.”

Macquarie Capital acted as financial advisers to Igneo.

*As at 30 September 2025.

‍About Igneo Infrastructure Partners

Igneo is an autonomous investment team in the First Sentier Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation / logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on ESG and proactive asset management.

Igneo manages US$22.9bn worth of assets (as at 30 September 2025) on behalf of more than 200 investors around the world.

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In Hong Kong, this press release is issued by First Sentier Investors (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission in Hong Kong. In Singapore, this press release is issued by First Sentier Investors (Singapore) whose company registration number is 196900420D. This press release has not been reviewed by the Monetary Authority of Singapore.

First Sentier Investors, FSSA Investment Managers, Stewart Investors, Realindex Investments and Igneo Infrastructure Partners are the business names of First Sentier Investors (Hong Kong) Limited. First Sentier Investors (registration number 53236800B), FSSA Investment Managers (registration number 53314080C), Stewart Investors (registration number 53310114W), Realindex Investments (registration number 53472532E) and Igneo Infrastructure Partners (registration number 53447928J) are the business divisions of First Sentier Investors (Singapore).