The smart choice in commercial transactions

RECENT TRANSACTIONS

Advised the purchaser on the acquisition of a tenanted industrial facility in Victoria, for $23m. The transaction settled in May 2017. A noteworthy aspect of the transaction was the management of risk associated with ongoing litigation concerning the property.

Advised Tapex Pty Ltd on the sale of its Australian crop packaging business to Tapex Agri Pty Ltd, an SPV wholly owned by Tama R.M.W. Agricultural Cooperative Society Ltd, a cooperative society established according to the laws of Israel, as well as a long-term supply agreement between Tama and Agpac (being the owner of Tapex’s New Zealand Agpac Agriculture businesses) in New Zealand.

Acted for a prospective purchaser in its bid for two separate industrial assets in Victoria.

Acting together with a corporate advisor to arrange a series of syndicated mortgage-backed loan facilities, including drafting all the facility documentation and securities.

Represented the venture capital investor in a telecommunications business.

Represented the buyer in the acquisition of a training and education business.

Represented the buyer in a sale conducted through a pre-emptive rights regime.

Represented the developer in the agreement for lease of a major food processing and logistics centre.

Represented the land owner in a sale and lease back of fitout in a new office development, including the raising of finance for the sale.

Advised a specialist medical practitioner in relation to the provision of his services to a major health care provider.

Represented a syndicate of lenders in relation to their refinancing of a funding facility and its securitisation.

Represented an hotel operator in relation to the operation of an hotel in Queensland.

Advised an international investor in relation to the purchase of an aged care business.

Advised an international reinsurer in respect of its obligations under its reinsurance policies.

Represented an international marketing group in respect of its entry into the Australian market.

The increase by SG Fleet Group of their syndicated banking facility to partially finance a £14m acquisition in the UK.

The acquisition of a $80m newly constructed office building in New Zealand, financed partly by a $52m debt facility.

The acquisition of a $45m tenanted office building in Canberra.

The divestment of a mining services business to an international conglomerate for an undisclosed price.

Acted for the shareholders of Digital Glue Pty Limited (a digital incentives company which develops digital vouchers and gift/store cards in Australia) in their transaction with Blackhawk Network Australia Pty Ltd (a subsidiary of Blackhawk Network Holdings, Inc., listed on the NASDAQ), which acquired a strategic majority ownership stake in the company.

The increase by SG Fleet Group of their syndicated banking facility to partially finance a £19.6m acquisition in the UK.

The renewal and extension of a $300m syndicated banking facility for a regulated infrastructure project in Australia.

The refinancing by a lender of its $50m mezzanine financing facility for the development of a landmark mixed use property in NSW.

The advance by a lender of mezzanine loans to a property developer to finance the acquisition of land and development of apartments in Victoria.

The acquisition of vacant industrial land out of administration and the subsequent leasing of a major part of that land to a corner-stone tenant.

A $140m bid for a group of private companies operating in Victoria.

The entry into the Australian retail market of a European-based coffee, juice and sandwich bar operator in relation to with the opening of 4 new sites in NSW (in addition to their existing 140+ stores located internationally).

The acquisition of an operating hotel business and property in Canberra for $65m and in Cairns for $25m in separate transactions, but for the same buyers (a syndicate led by property investor, Ascot Capital and hospitality operator, Facilimate). The Canberra transaction included a “buy-side” warranty and indemnity policy. For an article that appeared in our newsletter regarding Warranty & Indemnity Insurance for Mergers & Acquisitions, please click here.

The divestment by the shareholders of the Tetran Group, which is a managed IT and professional services company with over 90 employees across offices in Australia (HQ), New Zealand, Singapore and Sri Lanka, of their shareholding to Montech Holdings Limited, an ASX listed company, for a purchase consideration of $9m ($4m in cash and the balance in MOQ shares). The transaction included a performance based hurdle to enable the shareholders to earn up to a further 28,571,429 MOQ shares.

The acquisition by SG Fleet Group for A$200m of NLC, a specialist provider of salary packaging services and novated leases.

The conclusion by SG Fleet of a syndicated debt facility with Westpac which partially funded the acquisition of NLC by way of a A$110m debt facility.

The $190m acquisition by Monash Private Capital of leasing finance provider, Alleasing from CHAMP Private Equity. Lewis King Blumberg advised on the financing of the acquisition.

The acquisition of the Pacific Hotel, Cairns, being a 4.5 star hotel comprising 176 guest rooms and related facilities.

The sale of a privately owned company that provided linen rental and laundry services in Australia and New Zealand.

Advising on the development of Jandakot Airport in WA and the financing of the acquisition of Birkenhead shopping centre and marina, 4 Martin Place and 14 Martin Place in NSW.

Listing of SG Fleet on the ASX. Lewis King Blumberg acted for management and the controlling shareholder.

Mezzanine finance for redevelopment of Swiss Grand site at Bondi Beach. Lewis King Blumberg acted for the mezzanine financier.

Refinancing of a $75m secured loan by one of two existing lenders, with the substitution of an Australian Bank with an international financier. Acted for the Borrower.

Represented the investors in the $211 million investment in the listed Abacus Property Group, the $200 million acquisition of a controlling interest in the listed Orchard Industrial Property Fund and the $73 million investment in the listed Cromwell Group.

Advising on the development of Jandakot Airport in WA and the financing of the acquisition of Birkenhead shopping centre and marina, 4 Martin Place and 14 Martin Place in NSW.

The acquisition of a business with assets in every Australian state for $342 million.

The divestment of up to 50% of the equity of the local operating subsidiary of an offshore listed parent to a combination of private equity and management for a price in the region of $65 million.

The acquisition of an ASX listed home building business by an off-shore leading property developer and home building company.

The divestment of the equity in a private, family owned, company to a publicly listed company for a price of $44 million.

The divestment of an Australian-based software company to a multinational United States software giant for $50 million. The transaction was cross border, involved complex structure issues and particularly heavy negotiation of the transaction documents.

The sale of a controlling interest in an insurance brokerage and/or underwriting business to a subsidiary of a listed company, including the negotiation of extensive earn-out provisions and a shareholders agreement.

Acting for the borrower (the operating company of an ASX listed company) in a refinancing of numerous banking facilities with Westpac and CBA, including securities and priority arrangements.

Merger of two international online gaming businesses and their subsequent listing. Lewis King Blumberg acted for one of the parties to the merger.

The restructuring and sale of shares in a privately owned medico-legal report generating company to a multinational NYSE listed corporation.

The sale of a business that imported South African food and beverages and supplied to major retailers and other specialty distributors.

The syndication, purchase and finance of an industrial zone connected to a major port facility.

The merger of two independent caravan and camper trailer manufacturing and distribution business.

The acquisition of a 50% interest in a niche coffee roasting and distribution business by one of the co-founders of the business for $1.25 million, including management of a shareholders’ dispute.