Acquisition & Leveraged Finance

How can we help?

We have played leading roles in most of the landmark leveraged buyout deals. These deals have involved various layers of debt and complex inter-creditor issues.We work with financiers, borrowers/acquirers, agents and arrangers alike.

At the forefront of innovative financing structures

We are known for our ability to develop innovative solutions, having advised on the first unitranche loan in Australia and since advised on the majority of such financings in the market. This follows a similar path forged advising on Term Loan Bs, which continue to increase in popularity. We also advised on the first such loan with 'Australianised' documentation, marking a full transition from NY law and residual language.

Understanding the motivations and strategies of the acquirers and the financiers

Our experience enables our clients to confidently navigate market terms, deal structures and ‘hot points’ which are often critical to the success of a bid. Our deal management approach ensures efficient service, a high degree of interaction and responsiveness to your needs.

The right team to support your needs

In a market that has been defined by an increase in the size and volume of deals, our strength lies in the size and depth of our leveraged finance team. Enhanced by preeminent mergers and acquisitions, private equity and tax specialists, and our international network through our alliance with Linklaters.

Experience

Pacific Equity Partners' acquisition of Acumen and metrics

Advised the lenders to a joint venture between Pacific Equity Partners and Landis+Gyr on the cross-boder finance package for the acquisition of Origin's carve-out of its Acumen smart metering business, and Mercury Limited's carve out-of its Metrix smart metering business.

ESR Real Estate's acquisition of Property Link

Advised the lenders on the debt facility for the proposed $723 million acquisition of Property Link via an agreed off-market takeover.

Unibail-Rodamco SE's acquisition of Westfield

Advised on all Australian finance aspects of the aqusiition, which was the largest M&A deal in Australian corporate history.

Boral's acquisition of Headwaters Inc.

Advised on a US$1.2 bilion bridge facility for the acquisition.

Acquisition of Icon Cancer Care

Advised the mandated lead arrangers for Goldman Sachs PIA, QIC Private Equity and Pagoda Investment's A$460 million acquisition of Icon Group, Australia's fastest growing cancer care provider.

Bain Capital's acquisitions of Camp Australia and Junior Adventures Group

Advised on the refinancing of acquisition facilities for Camp Australia by way of a A$245 million first and second lien Term Loan B.

TPG's acquisition of Novotech

Advised Nomura, Barings, Partners Group and HSBC as the unitranche lenders on the $135 million financing of TPG's acquisition of Australia's biggest clinical trials and biotech research firm, Novotech.

KPS Partners' acqusiition of DexCo Global

Advised Credit Suisse on the Australian finance aspects of a facility for KPS Partners to fund its acquisition of DexCo Global.

Ascender's acqusiition of NGA Human Resources

Advised National Australia Bank on the financing of the acquisition.

Carlyle Group and Pacific Equity Partners acquisition of iNovaPharmaceuticals

Advised Highbridge Capital as underwriter on its $650 million six-year unitranche loan to Carlyle Group and Pacific Equity Partners for their US$930 million-equivalent acquisition of iNovaPharmaceuticals (Australia) Pty Ltd. This transaction was one of the first in Australia to utilise a unitranche loan structure.

Challenger Investment Partners

Advised as lenders to Oaktree on its acquisition of DDH1 Drilling and subsequent acquisitions of Strike Drilling and Ranger Drilling.