Mergers & Acquisitions

Australia is a sought after market for both domestic and international investors.

It's ability to offer attractive investment opportunities is driven by a political and legal system that is robust and transparent, as well as consistent long-term growth in the local economy. However, with tightening regulatory scrutiny, technology-led disruption, and fierce competition for assets, our clients are faced with a number of investment challenges.

How we can help

With an emphasis on quality, innovation and efficiency, we deliver highly successful outcomes for leading companies and financial sponsors in Australia and around the world.

Our experience includes advising in relation to acquisitions and divestments of listed companies (whether by scheme of arrangement or takeover bid), takeover defence mandates, competitive sale processes, joint venture arrangements, private share and asset acquisitions and divestments, consortium bids, cross-border transactions, and governance issues arising out of M&A activity. Our market leading M&A team is consistently recognised as among the best in Australia and the Asia region.

Trusted advisers on reputationally significant deals

Our market-leading experience in public company takeovers and schemes of arrangement has seen us play a crucial role on some of the largest and most complex deals in Australia's corporate history.

Public company transactions attract heightened attention from shareholders, regulators, boards and the media. Our clients have confidence in our ability to advise them on their most reputationally significant and technically complex transactions, trusting in our ability to deliver tailored and commercially astute advice, and to help them navigate complex regulatory and boardroom issues.

Managing large scale cross-border transactions

We are well versed at managing large scale, complex cross-border transactions involving the co-ordination of large teams across different jurisdictions and liaising with local counsel. Our global network enables us to play an effective role on transactions of this nature.

Supporting your ordinary course investment activity

While we are often involved in significant and novel transactions, we also regularly support our clients on smaller-scale ‘business as usual’ acquisitions, divestments and joint venture arrangements.

A transaction team focused on your business and your sector  

We are known for our ability to pair market leading M&A capability with relevant sector expertise to ensure our clients are in the strongest position possible when executing their investment strategy. Our advice is tailored to our clients' business needs, commercially astute, and prepared with knowledge of industry specific drivers and risks. We also work closely with financing, tax and regulatory specialists to deliver an integrated service to our clients.

Helping you navigate complex regulatory issues

Our strong and enduring relationships with leading financial advisers and regulators, including the Australian Securities & Investments Commission, the Australian Competition & Consumer Commission, the Takeovers Panel, the Foreign Investment Review Board, the Australian Securities Exchange, and the Australian Prudential Regulatory Authority, enable us to play an effective part in any advisory team.

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Experience

Unibail's acquisition of Westfield Corporation

Advised Unibail-Rodamco on its acquisition of Westfield Corporation for an enterprise value of $32.7 billion.

Demerger of Coles Group

Advised Coles on its $16.6 billion demerger from Wesfarmers into a separate ASX-listed company. We also advised Wesfarmers on the initial acquisition of Coles Group in 2007.

Acquisition of The Walt Disney Company

Advised Twenty First Century Fox on Australian aspects of its USD$71 billion acquisition of The Walt Disney Company.

Investa Office Fund response to takeover proposals

Advised Investa Office Fund on its response to the competing $3.3 billion proposals from Oxford Properties and Blackstone Real Estate. Also advised on the proposed management internalisation joint venture and earlier $2.98 billion proposal from Cromwell Property Group.

Acquisition of Asciano Limited

Advised the GIP, CPPIB, Qube and CIC consortium on the acquisition of Asciano Limited for cash consideration of $9.05 billion by way of a scheme of arrangement. This followed a competitive bidding process, which saw a number of proposals for the company.

Privatisation of NSW electricity networks

Advised the NSW Government in relation to the privatisation of the State's electricity network, including the divestment of Ausgrid, TransGrid and Endeavour Energy.

Sale of ANZ's Wealth business

Advised ANZ Banking Group on the sale of its sale of its Wealth business, including the sale of its life insurance business for $2.85 billion and its OnePath pensions and investments and aligned dealer groups business for $975 million.

Rio's divestment of coal assets

Advised Rio Tinto on a series of divestments of coal assets in Queensland for a combined consideration of US$4.15 billion.

Acquisition of DUET Group

Advised on DUET Group’s $7.3 billion acquisition by the CKI consortium.

St George and Westpac merger

Advised on St. George Bank’s $67 billion merger with Westpac Banking Corporation.

Rio's response to BHP's takeover offer

Advised on Rio Tinto’s response to BHP Billiton’s US$192 billion takeover offer and its strategic alliance with Chinalco.

Newcrest's merger with Lihir Gold

Advised Newcrest Mining on its $9.5 billion merger with Lihir Gold Limited.