Corporate/M&A - Australia
Basic facts about the department
- 45 partners
- 79 other qualified lawyers
What the team is known for Maintains a high-profile domestic client base together with a broad international footprint. Specialises in representing leading energy and natural resources clients, combining expertise with industry sector knowledge.
Work highlights Represented Consolidated Media Holdings (CMH) in its acquisition by News Corporation subsidiary News Pay TV Financing through a court-approved scheme of arrangement. The AUD1.94 billion transaction was one of Australia's largest in 2012 and was also notable for the close ACCC scrutiny it attracted.
Acted for both the Tinkler Group and Farallon Funds, as holders of interests in Boardwalk Resources and Aston Resources, with regard to two linked transactions. In the first, Whitehaven Coal acquired 100% of Boardwalk's issued securities; in the second Whitehaven Coal merged with Aston Resources to create one of the largest independent coal company to be listed on the Australian Securities Exchange, worth some AUD5 billion.
Marie McDonald is highlighted by sources for her rigorous approach and sound judgement. McDonald leads the M&A group and recently advised BHP Billiton on the AUD1.63 billion sale of its interests in the East Browse and West Browse LNG joint ventures to PetroChina International Investment (Australia).
Garry Besson was joint lead partner advising CMH on its acquisition by News Pay TV Financing through a scheme of arrangement. His commerciality is highly praised by clients.
Gary Lawler advises listed companies and investment banks on both transactional and governance matters. He recently advised the Tinkler Group and Farallon Funds on their involvement in the complex sequence of transactions leading to the AUD5 billion merger of Aston Resources and Whitehaven Coal.
Elspeth Arnold is noted for the quality of her corporate governance advice. She is also highly experienced in transactional matters and recently advised the ANZ Banking Group on its sale of Origin Mortgage Management Services to Columbus Capital.
Philip Breden combines M&A and capital markets expertise and has particular experience of handling transactions in the energy, resources, infrastructure and building materials sectors.
Roger Davies is based in Perth and is well placed to advise clients in the energy and resources sectors, of which he has particularly extensive knowledge.
Stephen Menzies is highly experienced in handling public company takeovers, corporate restructures and particularly complex structured transactions. As head of Ashurst's China practice, he is also well equipped to act for PRC-based investors.
Mark Stanbridge has over 20 years' experience of handling both domestic and cross-border M&A, and is noted by clients for his commercial acuity. He recently advised Canadian agribusiness group Viterra during its AUD5.74 billion takeover by Glencore.
Bill Koeck offers broad corporate, private equity and capital markets expertise and is particularly noted for applying his skills to transactional matters and corporate governance issues in the energy and resources sectors. He recently advised Drillsearch on its AUD118 million bid to acquire Acer Energy.
John Sartori regularly acts on both public and private acquisitions, joint ventures and schemes of arrangement, including recently acting for St Barbara on its AUD556 million acquisition of Allied Gold Mining.
Significant clients BlueScope Steel, Crown, NBNCo, Qantas, Transpacific Industries.
Since publication, Marie McDonald has retired from this practice.