Baker & McKenzie acted for JP Morgan as underwriter of the sale of Cheung Kong Infrastructure's (CKI) 6.7% stake in Spark Infrastructure for $252.4 million. This follows acting for Insight Capital Advisers as joint lead manager in connection with the complex unwind and sale of of Spark's 8% economic interests in DUET Group for $305 million.

Lead partner on the transactions, Craig Andrade stated: "there is a lot of competitive block trade activity in the market and we're delighted to have been involved in several recent processes assisting our underwiter clients".

In addition Craig commented: "Our ECM team has been incredibly busy and these transactions follow on the back of advising Macquarie and UBS as joint underwriters of the A$107m placement by Mantra Group, APN News & Media on their $180 million entitlement offer, the joint lead managers on the $135m placement by Aconex, the joint lead managers on the A$494m entitlement offer by Qube to fund Qube's participation in the c. A$9bn takeover of Asciano, the joint lead managers on the $405m entitlement offer by Spark, to fund Spark's participation in the A$10.258bn acquisition of TransGrid, advising FAR Limited on its $60m placement and Sundance Energy on its $90m placement and SPP.