Leveraged Acquisition Finance – Recent experience
Examples of leveraged acquisition finance work in which Allens Arthur Robinson have recently been involved include:
Basslink
Advised CitySpring Infrastructure Trust on the financing of its acquisition of
the Basslink undersea electricity transmission cable for A$1.17 billion. Also
advised the financiers, including MBIA, GSJBW, Société Générale and BTA
Institutional Services.
China Oriental Group
Represented ANZ, Natixis and Rabobank International in the HK$3.22 billion
acquisition financing facility for the hostile takeover bid for Hong Kong main
board listed China Oriental Group.
Investa
Advised a lending group led by Morgan Stanley, Citibank and Credit
Suisse, on the financing of Morgan Stanley Real Estate Fund’s A$6.5 billion acquisition of Investa Property
Group.
Qantas
Acted for the independent directors of Qantas in reviewing and
analysing the acquisition funding of
the A$11.1 billion takeover bid of Qantas by Airline Partners Australia.
Yellow Pages NZ
Advised on the financing of the NZ$2.24 billion acquisition by
CCMP Asia and Ontario Teachers’ Pension Plan Board of the Yellow Pages Group.
Independent Distillers Group
Advised Barclays Bank and ANZ as arrangers and
financiers on the A$1 billion plus acquisition by Pacific Equity Partners Asia
and CCMP of Independent Distillers Group.
Borat Longyear and Dyno Nobel
Acted for Macquarie Bank in relation to the
funding arrangements for its US$1.5 billion acquisition of Boart Longyear and
its US$1.7 billion acquisition of Dyno Nobel Holding.
Colorado Group
Acted for Credit Suisse and Mizuho, the arrangers and
underwriters of Affinity Equity Partners’ A$430 million leveraged buyout of
Australian clothing retailer, Colorado Group.
Rural Press
Acted for ANZ, the co-arranger and consortium member, in Fairfax’s
A$532.5 million refinancing of existing facilities and A$667.5 million financing
of its acquisition of Rural Press.
National Grid Wireless and Airwave O2
Advised the financiers, Macquarie Bank,
ABN AMRO and UBS, on Macquarie Communications Infrastructure Group’s A$6.2
billion, 100 per cent acquisition of the U.K.’s National Grid Wireless and A$4.8
billion joint acquisition of Airwave O2.
ANZ Fleet Leasing
Acted for the financiers, Westpac Institutional Bank, in the
A$379 million sale of Esanda’s fleet management and leasing business,
FleetPartners, to Nikko Principal Investments Australia.
Godfrey's
Advised BOS International, as senior lender and AMP Capital
Investors Structured High Yield Fund, on the A$300 million acquisition of
Godfreys by Pacific Equity Partners and CCMP.
PAS Group
Advised CBA as financier on each individual acquisition by PAS Group
of its clothing and accessories brands, including Yarra Trail, Breakaway
Apparel, DesignWorks, Fiorelli, Review and Capelle.
Feltex Carpets
Acted for Westpac as the financiers of the acquisition of
Feltex Carpets by Godfrey Hirst, the largest carpet manufacturer and exporter in
the southern hemisphere.
Freedom Furniture
Acted for ANZ, NAB and BOS as arrangers and lenders in the
A$223 million public-to-private management buyout of the Freedom Group.
Ramsay Health Care
Acted for various banks, including ANZIB, NAB, GSJBW and
Sumitomo Mitsui, in the provision of debt and facilities for Ramsay Health Care’s A$1.4 billion
acquisition of Affinity Health.
Merged Link Market Group
Acted for NAB and Westpac in the A$140 million
acquisition financing of Australian Administrative Services and the subsequent acquisition financing of
the merged Link Market Group.
