BE PART OF THE ACTION We work on many of Australia’s most complex, high-stakes business deals. It’s a collaborative effort that involves the skills and expertise of many practice areas as well as our strong commercial acumen. Our people are recognised for bringing these skills to the table.
OUR CLIENTS include major ASX-listed companies and multinational corporations, global and Australian private equity firms, top tier banks and government departments. Here are just a few examples of the successful outcomes we’ve achieved for them. Competitive sale negotiations for Ansell We acted for Ansell Limited in its US$600 million sale of its sexual wellness business. Having negotiated approximately 40 confidentiality agreements with potential private equity and trade bidders across multiple jurisdictions, we assisted the client to narrow the field to two potential buyers by early 2017. The final sale documentation was negotiated in person in New York, and the deal was completed in September. Ansell’s sexual wellness business was one of its oldest divisions, making this a significant result.
A transformational acquisition for Beach Energy When Beach Energy acquired all issued shares in Lattice Energy Limited from Origin Energy Limited, it became a leading ASX-listed oil and gas company. We advised on its successful $1.585 billion bid for the conventional upstream oil and gas business, as well as the equity capital raising and debt financing to fund the acquisition. The competitive sale process ran concurrently with an IPO, and involved G+T’s corporate advisory, energy and resources and banking teams. Significant growth for IOOF IOOF will become Australia’s second-largest advice business following its acquisition of ANZ Banking Group’s OnePath Pensions and Investments and aligned dealer groups businesses for $975 million. We advised IOOF Holdings on this complex deal, which included the acquisition, long-term relationship arrangements and a $450 million capital raising. A high-profile play for TPG Consortium Although it didn’t eventuate in a deal, we advised TPG on its proposed $2.75 billion acquisition of Fairfax by scheme of arrangement. No agreement could be reached, and Fairfax has since spun off its most valuable asset, the Domain real estate business and platform. Timely transactions for Quadrant Private Equity Just two years after Quadrant Private Equity acquired The Real Pet Food Company, we advised on its sale to a consortium of investors including New Hope, Hosen and Temasek for $1 billion. This was the right time for Quadrant to realise its return on investment, and the consortium is well placed to capitalise on Real Pet Food’s growth upside in Asia. At the same time, we advised Quadrant on its strategic investment in Timezone Family Entertainment Centres.
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Yancoal’s US$2.45 billion acquisition of Coal & Allied Industries from Rio Tinto more than doubled Yancoal’s coal production and transformed it into Australia’s largest pure-play coal producer. We advised Yancoal’s independent directors on the acquisition and the capital raising required to fund the acquisition – the largest equity capital raising in Australia in 2017.