Transactions
Advised Kelsian Group (formerly SeaLink) (ASX: KLA) on its capital raise by way of a fully-underwritten institutional placement and entitlement offer to acquire Transit Systems Group in a deal acquisition value of $694m. Capital Raise Deal Value $154m.
Advised travel and transport company Kelsian Group (formerly SeaLink) (ASX: KLA) on its capital raise to acquire Transit Systems Marine. The capital raise included private placement to professional and sophisticated investors, share issue to the vendors at the placement price and further offer of shares to all eligible shareholders. Capital Raise Deal Value ~ $57m.
Dispute Type: Sale & Purchase Dispute.
Our client supplied electrical equipment to a head contractor but was not paid its final progress claim for that supply. We implemented a successful strategy which saw our client commence arbitration proceedings against the head contractor with a view to proceeding through to trial if a negotiated outcome could not be reached. Despite an alleged $8 million counterclaim by the head contractor, we helped our client negotiate an outcome which saw it recover a large portion of its final progress claim, resolve the head contractor’s counterclaim, and avoid the time and significant expense of a trial.
Advised Australian port operations provider Engage Marine on the establishment of a bilateral facility agreement with a major Australian lender. The facility included vessel construction facilities, term loans and a general working capital facility. Deal Value $25m+
A shareholder left our client company and started a business in competition with our client in breach of the restraints in their employment contract and shareholder agreement. We negotiated agreement to a 2 year restraint without commencement of litigation.
Advised Customs Agency Services, South Australia’s largest international freight forwarding and logistics provider, on its business sale to Australasian end-to-end supply chain giant Mondiale VGL. Deal value undisclosed.
Advised Complexica on its minority sale to Flinders Ports Holdings. Complexica is a leading provider of AI software for supply chain optimisation. The investment and collaboration by Flinders Ports allows Complexica to develop next-generation SAAS applications for ports globally. Deal Value $5m.
Advised 14 Total Tools franchisees on their majority sales to Total Tools Holdings.
Advised social impact investment fund Light Warrior on a multi-tranche facility for project finance investment in solar power projects. Deal Value Undisclosed.
Dispute Type: Ownership Dispute. Our clients’ former business partner commenced complex legal proceedings against our clients seeking to be paid profits in a property development of around $1 million. We successfully executed a dual litigation/mediation strategy, leading to a favourable negotiated outcome for our clients at mediation. The resolution saw the business partner end the legal proceedings and our clients pay around only half of the claim against them, as well as avoiding at least $500,000 of legal costs that our clients would have incurred in defending the proceedings.
Advised security door manufacturer Best Doors on the sale of Best Doors and Reliance Doors to international security door and Swiss listed company, Dormakaba. Value undisclosed.
Advised Corval Group’s food, beverage and agricultural arm on its acquisition of gourmet foods producer MaxFoods Pty Ltd. Deal value undisclosed.