Profile of Charles Ashton

Charles Ashton

Partner, BCom(Finance) LLB(Hons)

About Charles Ashton

Charles is an experienced M&A professional having advised on many of Australia's most significant M&A deals.

He specialises in complex domestic and cross-border transactions and has extensive experience in large-scale public M&A and infrastructure transactions, competitive sale processes and corporate governance. He previously worked at Linklaters in London.

Charles' public M&A experience includes advising:

  • Unibail-Rodamco – $32.7 billion acquisition of Westfield Corporation by way of interconditional company and trust schemes, the listing of the new Unibail-Rodamco-Westfield stapled group on the ASX, Euronext Paris and Euronext Amsterdam and associated demerger and listing of One Market Limited on the ASX.
  • DUET Group – $7.4 billion acquisition by a consortium led by Cheung Kong Infrastructure of 100% of DUET's stapled securities by way of interconditional company and trust schemes.
  • QIC Private Capital - $535 million acquisition of Pacific Energy Limited by way of scheme of arrangement.
  • Zenith Energy Ltd – $250 million proposed acquisition by Pacific Equity Partners Limited by way of scheme of arrangement
  • Quadrant / APM – acquisition of Konekt Limited by way of scheme of arrangement.
  • Qube Holdings Limited – off-market cash and scrip takeover of logistics operator Chalmers Limited.
  • Ferrovial – $813 million off-market takeover of Broadspectrum Limited.
  • Brookfield – $420 million take private of the Brookfield Prime Property Fund.
  • Genting Hong Kong – investment in The Star Entertainment Group Limited.
  • News Limited – $1.94 billion acquisition of Consolidated Media Holdings by scheme of arrangement.
  • Conquest Mining – (now Evolution Mining) successful hostile takeover bid for North Queensland Metals Limited and its acquisition of HSK Gold.
  • AGL Limited – acquisition of Mosaic Oil NL by scheme of arrangement.
  • FerrAus Limited – successful defence of a hostile takeover bid by Wah Nam International.
  • Newcrest Mining – $9.5 billion merger with Lihir Gold.
  • Queensland Treasury – initial public offering of QR National Limited.

Charles' private M&A experience includes:

  • BP – establishment of a new A$1.75 billion unlisted REIT comprising 225 long WALE convenience retail properties and the sale of a 49% interest to a Charter Hall managed partnership for $850 million.
  • BAE Systems – acquisition of ASC Shipbuilding from the Commonwealth of Australia to support the Commonwealth's $35 billion Hunter class frigate shipbuilding program for the Royal Australian Navy.
  • NSW Treasury – $9.3 billion sale of a 51 per cent interest in the WestConnex project to Transurban.
  • NSW Treasury – $10.3 billion 99-year lease of TransGrid to the NSW Electricity Networks Consortium.
  • NSW Treasury – the sale Pillar Administration to Mercer.
  • Unibail-Rodamco-Westfield – in connection with several multi-billion dollar domestic and cross-border reorganisations following the merger of Unibail-Rodamco and Westfield.
  • First State Super – $360 million combined debt and equity investment in Oak Tree Group, being the super fund's first investment in the retirement village sector.
  • Archer Capital – $938 million divestment of private hospital business Healthe Care to China's Luye Medical Group.
  • Novartis – US$7.1 billion sale of its vaccines business to GSK, which formed part of a complex global asset swap involving the US$14.5 billion purchase of GSK’s oncology business and the contribution of its OTC business to a joint venture with GSK's healthcare business.
  • Siemens – £985 million acquisition of Rolls-Royce's global aero-derivative gas turbine and compressor business.
  • Alberta Investment Management Corporation, Allianz Capital Funds, Hastings Funds Management and EDF Invest – successful $3.2 billion consortium bid for Porterbrook Trains, a UK rolling stock leasing company.