Mergers & Acquisitions
Transaction in this area of the practice take a wide, varied and often unconventional shape, sometimes depending on the nature of the industry or the objectives of the parties. Transactions of this nature are undertaken by clients for general expansion of their business operations or for succession planning or retirement reasons.
Transactions range from $3-4 million to $100 million plus transactions.
Purchase and Sales of Business
Recent transactions include:
- sale of business in the fire detection and maintenance industry, as part of an overall aggregation throughout eastern seaboard, with possible future listing of the aggregated business.
- sale of business in the office storage system industry to a major public Acquisition or Sale of Shares in private companies
Complex corporate restructure to arrange the affairs of the entity ready for a Sale. The sale of 70% of the shareholding involved Vendor financing, negotiation with the Purchaser's Bank for priority of security, put options for the balance of equity and ongoing management agreements.
Management Buy outs
We have assisted in the negotiation and completion of a management buy out of a subsidiary of a major ASX listed company in the payroll services industry and acting on behalf of the minority shareholders for the subsequent sale of the business, some 3-4 year later to a major ASX listed company in the same industry.
Public Company - take overs and reverse takeovers
Act for major shareholder in the joint bidding company for the takeover of Chiquita South Pacific Brands Limited and a subsequent take over bid to increase the major shareholding to greater than 90%.
We have acted for directors of a major fashion retail chain when the company delisted and was privatised by an international venture capital fund and then re-listed.
Joint Venture Arrangements
We were involved in the:
- negotiation and documentation of the Joint Venture Arrangements for the bidding company for the joint bid for Chiquita.
- joint venture arrangement for the development, growing and marketing of blueberries in Morocco with JV partners located in Australia, UK and Morocco.
- structuring of joint ventures in China and USA through offshore entities such as wholly owned foreign entities (WOFE) in China.