Allens' Sydney and Jakarta offices act on note deal
9 December 2011
Allens Arthur Robinson (Allens) has advised Standard Chartered Private Equity on its purchase of convertible unsecured notes from Perth-based gas production and exploration company, Triangle Energy.
Standard Chartered Private Equity is the private equity arm of Standard Chartered Bank, which has a network of more than 1700 branches and outlets in more than 70 countries.
Triangle Energy is an oil and gas company whose key asset is a 100 per cent working interest in the Production Sharing Contract in respect of the Pase Block, located in Indonesia.
The deal, which was signed on 7 December, involves two tranches; one of US$3.5 million and the other of US$6.5 million. If both tranches are issued and converted into shares, Standard Chartered Private Equity will have an approximate 18.3 per cent shareholding interest in Triangle Energy.
Partner Guy Alexander and Senior Associate Andrew Wong led a team of lawyers from Allens' Sydney and Jakarta offices.
'We were able to provide an integrated service from our Sydney and Jakarta offices to meet the short transaction timeframe,' Mr Alexander said.
'We have advised Standard Chartered Private Equity on other investments and are pleased to be working with them again.'
|Allens legal team||Guy Alexander (Partner – Sydney), David Holme (Partner – Jakarta), Pandji Zakia (Special Counsel – Jakarta), Andrew Wong (Senior Associate – Sydney), Elizabeth Lee (Lawyer – Sydney)|
Notes for editors.
Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.