Scheme Completed Sponsor buyer
Macquarie Asset Management acquisition of Qube Holdings
A$12bn enterprise value
Announced 24 Nov 2025 · ASX: QUB · A$5.20 cash per share · 28% premium
Advisers
Qube Holdings
Target
- Financial adviser
- Legal adviser
- Independent expert
- Tax adviser
Other advisers
- Independent expert
- Target
- Qube Holdings
- Acquirer
- Rubik Australia
- Sponsor
- Macquarie Asset Management
- Seller
- UniSuper
- Structure
- Scheme of arrangement
- Completed
- 14 Aug 2026
- Equity value
- A$12bn
- Sector
- Transport and logistics
In the league tables
- M&A financial advisers, Calendar 2025 UBS #3
- M&A financial advisers, completed, 2026 to date UBS #1
- M&A legal advisers, Calendar 2025 Ashurst Perkins Coie #1 · Allens #3
- M&A legal advisers, completed, 2026 to date Ashurst Perkins Coie #1 · Allens #2
- Independent experts, Calendar 2025 Grant Samuel #3
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Sources
- 24 Nov 2025 Process deed with MAM following indicative proposal ASX
- 15 Feb 2026 Allens advises Qube on $11.7bn deal, the largest take-private of FY2026 allens.com.au
- 16 Feb 2026 Scheme Implementation Deed with MAM-led Consortium ASX
- 2 Mar 2026 Allens assists Qube Holdings on landmark $11.7bn pickup by consortium thelawyermag.com
- 3 Mar 2026 Ashurst advises Pontegadea on its participation in the $11.7 billion consortium acquisition of Qube ashurstperkinscoie.com
- 23 Apr 2026 Scheme Booklet ASX
- 23 Apr 2026 Qube Holdings - Independent report on proposed acquisition by a Macquarie Asset Management-led consortium grantsamuel.com.au
- 14 Aug 2026 Implementation of Scheme ASX