Allens Arthur Robinson leads the Thomson M&A adviser tables
04 April 2008
Allens Arthur Robinson (Allens) has dominated the announced Australasian mergers and acquisitions market for the first quarter of 2008, according to the Thomson Financial M&A Legal Advisor Review released today.
According to Thomson Financial, Allens has advised the principal players on 14 announced deals in Australia/New Zealand in 2008, at a total value of US$9.08 billion.
Allens led the Thomson M&A announced adviser tables in 2007 and looks set for another extremely busy year. Our M&A team has already taken a key role in some of the year's most significant transactions, including acting for Rio Tinto, BAE Systems' acquisition of Tenix, the Zinifex-Oxiana proposed merger and the recently announced agreement for Incitec Pivot's acquisition of Dyno Nobel.
Allens has also been involved in a number of other crucial deals this year, acting for Xstrata Coal, Sinopec and Enstar in pivotal acquisitions.
The capabilities and flexibility of Allens' M&A team have provided the firm with the capacity to take on and efficiently manage many complex and challenging deals.
Allens is set to lead the market in M&A advice for yet another year.
Co-head of the M&A practice, Ewen Crouch, said he expected 2008 to continue to
be a busy one for M&A activity in Australia.
'Companies are still looking for ways to build shareholder value, and this will hold true even as parts of the market show signs of stress,' Mr Crouch said.
'Whilst not recognised in these results, we continue to work with our clients on their strategic and company-transforming transactions, including acting for Rio Tinto in relation to the purchase of shares by Chinalco and their response to BHP's US$192 billion takeover offer,' he said.
'We look forward to another interesting year working with our clients on their major M&A deals in Australia and the region.'Ends
For further information, please contact:
- Edwina TaylorBusiness Development Manager, Corporate,
Sydney
Ph: +61 2 9230 4902
Edwina.Taylor@aar.com.au
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Notes for editors.
Bloomberg's league table results were also released this week. Allens
ranked number one for deal volume, however only five of our major deals were
accredited in this round. The Thomson results reflects more accurately our
position in terms of deal volume and value, noting also that a number of major
deals have not been credited at this time including the Rio Tinto – Chinalco
transaction and BAE Systems acquisition of Tenix for $775 million.
Founded in 1822, Allens Arthur Robinson offers one of the most comprehensive legal networks in Australia and Asia with more than 1500 personnel based in 14 cities and eight countries across the region. Clients voted Allens Arthur Robinson the Best Professional Services Firm (revenue over $200 million) and Best Law Firm (revenue over $100 million) in the annual BRW Client Choice Awards 2005, 2006 and 2008. We have been an EOWA Employer of Choice for Women since 2004.