Mergers & Acquisitions – Recent experience
Our mergers and acquisition experience includes:
Dairy Farmers
Advising on sale of Dairy Farmers to National Foods for A$910 million
St.George
Advising St.George Bank on the A$67 billion merger proposal from Westpac.
Rio Tinto
Advising Rio Tinto on its response to BHP’s US$192 billion takeover approach,
and on the Australian aspects of its $44 billion acquisition of Alcan.
BAE Systems
Advised BAE Systems on its successful bid to acquire Tenix for A$775 million.
Wesfarmers / Coles
Advised Wesfarmers on its A$20 billion acquisition of Coles.
CEMEX
Advised CEMEX on its US$15.3 billion successful acquisition of Rinker.
Zinifex
Advising Zinifex on its A$12 billion merger with Oxiana.
Qantas
Advised Qantas on the proposed A$11.1 billion takeover by the Airline Partners
consortium.
OneSteel
Advised OneSteel on its $A2.3 billion scheme of arrangement with Smorgon Steel.
Coates Hire
Advised Coates Hire on the proposed A$1.65 billion takeover by the National Hire
Group and the Carlyle Group.
Dyno Nobel
Advising Dyno Nobel on its A$3.3 billion merger with Incitec Pivot.
Healthscope /Symbion
Advising Healthscope on its A$2.8 billion merger with Symbion.
Basslink
Advised CitySpring Infrastructure Trust on its A$1.17 billion winning bid for
the Basslink undersea electricity transmission cable.
Bendigo Bank
Advised Bendigo Bank on its A$1.9 billion merger with Adelaide Bank. Also
advised on its proposed A$2.4 billion merger with the Bank of Queensland.
Newcrest
Advising Newcrest on its US$525 million acquisition of Harmony Gold's PNG gold
assets and its A$200 million sale of its stake in Cracow Gold Mine.
Brambles
Advised Brambles on a range of divestments and the unique arrangement which
unified Brambles Industries Limited and Brambles Industries plc to become the
single holding company Brambles Limited. The financial value of the deal was
approximately A$25.8 billion which included the US$1.35 billion sale of
Cleanaway Australia and New Zealand to Kohlberg Kravis Roberts & Co.
Queensland Government
Advised the Queensland Government on the A$2.7 billion sale of Sun Retail, Sun
Gas, Allgas and Powerdirect.
ANZ
Advised ANZ on its A$1 billion acquisition of a stake in Malaysian bank, AMMB
Holdings Berhad.
MIIF/Taiwan Broadband Communications
Advising Macquarie International Infrastructure Fund (MIIF) on the
US$178 million acquisition of a 20 per cent stake in Taiwan Broadband
Communications from Och-Ziff Capital Management Group.
Boart Longyear and Dyno Nobel
Advised the Macquarie Bank-led consortiums that acquired and reorganised the
global Dyno Nobel business and that acquired a majority interest in Boart
Longyear. We then acted on the subsequent IPOs of Dyno Nobel and Boart Longyear.
DLC Experts
Advised on the merger of Origin Energy Limited and Contact Energy Limited as
well as the BHP Billiton merger, which, at A$58 billion, represents Australia’s
largest merger. We also advised CRA Ltd and RTZ plc to form Australia’s first
DLC – Rio Tinto, and acted for Brambles on its merger with UK’s GKN, as well as
on the unification in 2007 of Brambles Industries Limited and Brambles
Industries plc.
News Corporation re-incorporation in United States
Advised News Corporation on its re-incorporation into the United States.
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