Morrison & Co Growth Infrastructure Fund managed by HRL Morrison & Co Limited signed an agreement to acquire 50% stake in Crate Pooling business of Pact Group from Pact Group Holdings Ltd (ASX:PGH) for AUD 180 million on August 16, 2023.RBC Capital Markets, LLC acted as Financial advisor to HRL Morrison & Co Limited.Completion of the agreement is expected later this year, subject to the satisfaction of customary conditions and approvals. Michael Ziegelaar, Stephen Dobbs, Alexander Mackinnon of Herbert Smith Freehills acted as legal advisor to Pact Group Holdings. Ashurst LLP acted as a legal advisor to Morrison & Co Growth Infrastructure Fund.

Morrison & Co Growth Infrastructure Fund managed by HRL Morrison & Co Limited completed the acquisition of 50% stake in Crate Pooling business of Pact Group from Pact Group Holdings Ltd (ASX:PGH) on December 1, 2023.