Profile of Jay Prasad

Jay Prasad

Managing Associate, LLB BCom LLM (Hons I)

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 a member of the Income Tax Committee of the Property Council of Australia (Capital Markets Division).

Jay's recent experience includes advising:

  • Australian Super and Singtel – on Australia Tower Network's $3.58 billion acquisition of telecommunication infrastructure provider Axicom.
  • AusNet – in relation to the proposed $10.2 billion acquisition by a Brookfield-led consortium via a scheme of arrangement.
  • AustralianSuper – on the acquisition of a 70 per cent stake in Australia Tower Network (ATN) for approximately $1.9 billion.
  • 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.
  • Evolution Mining – on its $1 billion acquisition of the Ernest Henry Mine in Queensland and on its $400 million acquisition of the Kundana gold operations from Northern Star Resources.
  • 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.
  • 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.
  • Prime Media – on the takeover of Prime Media Group (ASX:PRT) by Seven West Media.
  • 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.
  • Rio Tinto – on its US$3.2 billion capital management program, including an off-market share buy-back on the ASX.