Transactions
Advised Stilmark Group on infrastructure debt finance facilities with AMP Capital. Value $130m.
Advised YES Group on its arrangement with Sustainable Energy Infrastructure. The long-term agreement to develop, own, operate, maintain and manage seven mid-large scale solar farm projects in regional South Australia, Victoria and New South Wales intends to develop approximately 27MW of new solar farms within the next 18 months across Australia. Deal Value: Undisclosed.
Advised on the acquisition of Emerald Grain from Sumitomo. Deal Value: Undisclosed.
Advised Zen Energy on the investment into Zen by GFG Alliance and subsequent de-merger (chaired by British billionaire Sanjeev Gupta)
Advised the owners of Adore Beauty (ASX: ABY), an online beauty retailer, in connection with its IPO. Market value $229.5m.
Advising Stilmark on the formation of the Symphony consortium, a partnership with ATN International and OMERS Infrastructure to jointly pursue opportunities in Australian telecommunications infrastructure, capitalising on the rapidly growing demand for new infrastructure driven by increasing data demand and the deployment of 5G networks.
Our client, a founder of a business, was denied an earn out payment by a purchaser based on an accounting approach adopted by the purchaser. By engaging in the dispute resolution process under the SPA and with the support of expert accounting advice, we secured a earn out in the millions for the client.
Our client was a corporate adviser. A client of the corporate adviser challenged the terms of the mandate and refused to pay a portion of the corporate adviser’s fee. We negotiated a resolution to the claim which secured payment of the fee and avoided litigation. We also advised on amendments to strengthen the mandate for future engagements.
Advised construction and demolition waste management company Grasshopper Environmental on its business sale to ASX listed Cleanaway Waste Management (ASX: CWY). Deal value $29m.
Advised social impact investment fund Light Warrior in a structured debt finance investment (equity return style) in connection with property development. Deal Value Undisclosed.
A founder/shareholder exited our client company as a bad leaver. A dual track mediation/litigation strategy led to a negotiated resolution within 10 months. The resolution included a buy out of the exiting founder agreeing at a price materially below the value set on a subsequent capital round plus a longer restraint than was enforceable under the shareholders agreement.
Advised (Singapore) SC Capital on a multi-tranche syndicated facility for a property fund. Value $265m.