Macquarie Capital is seeking a buyer for its minority stake in Quantem, Australia's largest independent provider of bulk liquid storage terminals, according to Australia Financial Review.
Acton Advisory, a Melbourne-based boutique run by a former Macquarie bankers, is helping to shop the stake to superannuation funds and infrastructure investors.
Quantem provides bulk liquid storage solutions at 12 strategic locations throughout Australia and New Zealand for customers to import or export bulk liquids. The company stores and handles a range of products, including chemicals, fuels, vegetable and edible oils, base oils, and bitumen.
Palisade Partners, an independent, specialist infrastructure manager, also holds a 35 percent stake in Quantem, which it acquired in 2014.