Farquhar Family Office Acquires Four Airports with KKR

The family office of Atlassian Co-Founder Scott Farquhar, Skip Capital, has announced a joint acquisition of Queensland Airports Ltd. alongside global private equity firm KKR & Co. The transaction involves the purchase of a 74.25% stake in the company, which includes four airports across Queensland: Gold Coast, Longreach, Mount Isa, and Townsville. The acquisition was made through the Skip Essential Infrastructure Fund, managed by Skip Capital and led by Farquhar’s wife, Kim Jackson. KKR invested through its Asia Pacific Infrastructure Investors II Fund, as part of its broader strategy to strengthen its footprint in Australian transportation infrastructure. The remaining 24.62% stake will be retained by Perron Investments Pty. Ltd. The airports, which serve over 8.5 million passengers annually and provide crucial connectivity for the region, are expected to benefit from new growth initiatives under the new ownership. Financial terms of the deal were not disclosed, and the transaction is anticipated to close later this year.

About the Farquhar Family Office Skip Capital

Skip Capital, the private investment arm of Scott Farquhar, was established to invest in high-growth sectors across venture capital and infrastructure. Known for its diversified investment portfolio, the family office has focused on disruptive technology companies and essential infrastructure assets. Its venture capital arm has backed several tech unicorns, including Canva, Figma, and Airwallex, while its infrastructure fund targets opportunities in renewable energy, data centers, and transportation assets. Headed by Kim Jackson, the Skip Essential Infrastructure Fund aims to support sustainable infrastructure development in the Asia-Pacific region, including investments in renewable energy and decarbonization. With a long-term investment approach, Skip Capital’s strategic focus is on assets that offer stability and the potential for long-term value creation.

News source: Chief Investment Officer
Picture source:  Billy Joachim