Topping the tables in private equity and project finance

Our work with leading clients in the first half of 2025 has seen us ranked as the top private equity legal adviser in Australia by deal value, and the only Australian firm to rank in the global top 10. This result follows us taking the top spot for syndicated loans and project finance in Australia and New Zealand, and being named the leading adviser in Asia Pacific for project finance by deal value.

'From the largest take-private transactions to complex corporate carve-outs and highly contested auction processes, we were involved in the majority of the market-defining transactions. We are grateful to our private equity clients for trusting us on their most significant transactions,' said Partner and Co-Head of Private Equity Noah Obradovic.

'We have been fortunate to work closely with clients on a range of complex and high-profile transactions in the first half of the year. We are grateful for the continued trust clients place in us to deliver for them in such significant moments,' said Partner and Head of Banking & Finance Tim Stewart.

Recent private equity highlights include advising:

• the shareholders of Zenith Energy, including OPTrust, Foresight Group, Pacific Equity Partners and management, on its sale to KKR;
• Pacific Equity Partners on its acquisition of SG Fleet Group Limited, the largest take-private deal of 2024;
• KKR on its acquisition of ProTen, one of Australia’s largest agricultural businesses;
• LivingBridge on the full lifecycle of its investment in Waste Services Group, including its sale to The Carlyle Group;
• a Bain-led consortium on the combination of Accolade Wines and Pernod Ricard’s ANZ and Spanish wine businesses;
• Brookfield on the $3.5bn sale of Aveo Group, Australia’s largest direct real estate transaction;
• PAG on the sale of a significant stake in Australian Venue Co. to CVC; and
• TPG Capital on the proposed take-private of Infomedia Limited via scheme of arrangement. 

Recent syndicated loans and project finance highlights include advising:

• NextEra Energy on its landmark dual-tranche $775 million subordinated hybrid bond issuance;
• PRP Diagnostic Imaging on the successful $495 million refinancing and dividend recapitalisation facilities;
• Pacific Energy on its $2 billion green-focused refinancing and equity raise;
• ACEN Australia on its major renewable energy portfolio financing;
• the financiers to the ACEREZ partnership on the project and financing documentation for the design, construction and operation of transmission infrastructure for Australia's first renewable energy zone; and
• the lenders on Australia's largest standalone BESS financing.