Global law firm DLA Piper has advised Carlyle Infrastructure Partners on the AU$350 million block trade of its remaining stake in Qube Holdings Limited (QUB.ASX) with Citigroup.

The DLA Piper team was led by Corporate partner David Ryan, with assistance from Finance & Projects partner Onno Bakker, senior associates Tim Perry, Gary Segal and Kelly Morrison, and solicitor Olivia Wild.

David Ryan said: "Infrastructure stocks are in certainly in demand and we're delighted to have advised Carlyle on this block trade of its remaining stake in Qube, one of Australia’s largest providers of import and export logistics services. This trade brings Carlyle's five years as an investor in Qube to a successful conclusion."

Reunion Capital Partners also advised Carlyle. Citi was the sole bookrunner and underwriter on the sale, which represents 9.5 per cent of Qube, or 137.4 million shares.

The Carlyle Group is one of the world’s largest and most successful investment firms, with US$176 billion of assets under management across 128 funds and 170 fund of funds vehicles.