About Craig Dally
Craig has more than 25 years of legal and financial experience advising listed companies, multinationals, investment banks and financial sponsors on high-profile cross-border M&A, Capital Market, and Governance transactions throughout Australia, Asia and the UK.
He has particular expertise in advising public companies in navigating demanding control and capital market transactions.
Craig spent 14 years at Linklaters (our alliance partner), where he was a senior partner of the market-leading Band 1 Corporate practice in Hong Kong, and led numerous landmark global transactions, including:
- the nationalising of AIG by the US Federal Reserve and the consequential US$36 billion listing of its Asia Pacific insurance asset, AIA - the largest listing of any company by market cap at the time; and
- the US$100 billion scheme of arrangement, reorganisation and spin-off listing of the Hutchison Whampoa and Cheung Kong Groups.
Craig has been recognised as a Leading Lawyer in the Asia-Pacific region in numerous legal directories, and across multiple practice areas, including M&A, equity capital markets, and natural resources, reflecting Craig’s focus on delivering an outstanding client experience.
Craig’s experience includes advising:
Mergers and Acquisitions:
- China Minmetals' listed subsidiary, MMG, across a range of transactions, including international takeover bids for Anvil Mining and Equinox Minerals, advancement to production of the Las Bambas mining asset, acquired from Glencore for US$5.9 billion, and M&A of various Australian mining assets.
- Hutchison Whampoa and Cheung Kong Group across a range of transactions, including US$100 billion scheme of arrangement, reorganisation and spin-off listing, US$6.2 billion partial sale of its Health & Beauty consumer business, AS Watson, to Temasek, a US$15 billion takeover bid for UK-listed telco O2 and the A$7 billion acquisition of Australian utility DUET Group.
- AXA SA on various transactions, including A$3.5 billion scheme of arrangement to acquire the remaining 49% of Australian-listed AXA Asia Pacific, the acquisition of HSBC's general insurance business and the strategic acquisition of Tian Ping Auto Insurance.
- Coles, EQT, Santos, Telstra, Rio Tinto, Eldorado Gold, TVB, MYOB, National Foods and Transurban on various control transactions.
Capital Raisings
- Glencore on its US$60 billion dual listing.
- AIA’s US$36 billion listing, and subsequent sell-downs of remaining interests in AIA by AIG and the US Federal Reserve.
- Cheung Kong Hutchison Group across a range of spin-off listings.
- Rio Tinto, Coles, HSBC, MMG, Standard Chartered, Tassal, Shandong Gold, IRC and Santos on capital raisings, block trades, rights issues and hybrid issues.
- a broad cross-section of financial sponsors on capital raising transactions, including Goldman Sachs, Morgan Stanley, JP Morgan, Macquarie, CCB, China Securities and Citigroup.
Joint Ventures and Strategic Investments / Divestments
- Reckitt Benckiser on the strategic agreement and US$2 billion pre-IPO investment in China Resources Pharmaceuticals.
- ANZ across a range of transactions including strategic investments in Tianjin City Commercial Bank and Shanghai Rural Bank.
- Hong Kong Stock Exchange on the Stock Connect projects and governance matters.
- Zurich Insurance, Telstra, ICBC, Temasek, EQT, Bank of East Asia, Anglo American and Ceasars Entertainment on joint venture and investment transactions.