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Allens helps with heavy lifting in machinery deal

13 July 2012

Allens has advised international trading house and mining company Mitsui & Co., Ltd. on its 49.9 per cent acquisition of National Plant & Equipment Pty Ltd. The deal, worth in excess of $100 million, will see Mitsui take a large stake in one of Australia's leading suppliers of heavy machinery and earthmoving equipment to the mining and construction industries.

Partner Steve Clifford led the Allens team on the transaction. The team included Senior Associate Charlie Harrison and Lawyer Emma Arbon, together with 22 other partners and lawyers from various Allens offices around the country.

The team advised on the transaction structure and negotiated the terms of the deal, as well as assisting with due diligence and drafting the suite of transaction documents.

Mr Clifford said Allens has had a relationship with Mitsui stretching back over many decades.

'This is a strategic investment for Mitsui, which already has a strong presence in the Australian resources industry. As a result of this transaction, Mitsui will play an increasing role in supporting the booming resources industry through the provision of equipment rental services,' he said.

'We were delighted to be entrusted by Mitsui to advise on such an important deal for them.'

Allens legal team Steve Clifford (Partner – Melbourne), Steve Pemberton (Partner – Melbourne), Simon Dewberry (Partner – Melbourne), Sarah Bernhardt (Partner – Melbourne), Michael Graves (Partner – Melbourne), David McLeish (Partner – Melbourne), Adrian Chek (Partner – Sydney), Luke Gattuso (Special Counsel – Melbourne), Julian Barendse (Senior Associate – Melbourne), Charlie Harrison (Senior Associate – Melbourne), Mariaan de Beer (Senior Associate – Melbourne), Helen Anness (Senior Associate – Melbourne), Ross Schloeffel (Senior Associate – Melbourne), Liam Chambers (Senior Associate – Brisbane), Andrew Stirling (Senior Associate – Melbourne), Emma Arbon (Lawyer – Melbourne), Emma Reilly (Lawyer – Melbourne), Christine Lui (Lawyer – Melbourne), Alexander Goddard (Lawyer – Melbourne), Bridget Little (Lawyer – Melbourne), Tim Leung (Lawyer – Melbourne), Saul Lazar (Lawyer – Melbourne), Claire Nicholson (Lawyer – Melbourne), Emily Harvey (Lawyer – Melbourne), Stefano Paciocco (Law Graduate – Melbourne)

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Notes for editors.

Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 36 offices in 27 countries around the world.