About Jay Prasad
Jay is a tax specialist. He regularly advises corporates, financial institutions, private equity and other managed funds on the tax aspects of a variety of matters including corporate mergers, acquisitions and restructures, initial public offerings, capital management programs and financing transactions. Jay also has experience in tax disputes, with particular experience in transfer pricing audits.
Jay was awarded the B J Shaw Law Prize and the Frank Pinkerton Scholarship as part of his LLM program at the University of Melbourne, and was awarded the University of Oxford Law Prize for best performance by a non-degree student for MSc in Taxation. He has co-authored a number of tax related publications, and is also chair of the Tax Institute NSW Membership Committee.
Jay's recent experience includes advising:
- Commonwealth Bank – on the sale of its Australian general insurance business and related exclusive 15 year strategic alliance with the Hollard Group for $625 million together with deferred alliance payments.
- Cerberus Capital Management – on its approximately $1 billion acquisition of Westpac's motor vehicle dealer finance and novated leasing business.
- Vocus – on its response to a $3.5 billion takeover by way of scheme of arrangement by Aware Super and Macquarie Infrastructure and Real Assets.
- Maddison Dearborn Partners – a US private equity sponsor, on its $1.5 billion acquisition of a controlling stake in disability and employment services business APM.
- KKR – on its US$2.2 billion acquisition of certain Campbell operations including Arnott’s.
- Alimentation Couche Tard – on various non-binding initial offers to acquire all of the shares in Caltex Australia Limited (ASX:CTX) by scheme of arrangement.
- Magellan Financial Group – on the restructure and listing of Magellan Global Fund, and its follow-on capital raising, and on its approximately $862 million initial public offering of the Magellan High Conviction Trust.
- Bruin Sports Capital – on its investment in QMS Media's sport media and technology division, TGI Sport, alongside existing investor Quadrant Private Equity.
- Rio Tinto – on its US$3.2 billion capital management program, including an off-market share buy-back on the ASX.