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Costas Condoleon

Costas Condoleon is MinterEllison's Deals Chair, with oversight of integrated client solutions for major M&A and ECM transactions. He is also one of Australia's leading strategic mergers and acquisitions and corporate lawyers, driving some of the largest, most complex and novel transactions in the Australian market.

Costas has advised on more than $100 billion worth of acquisitions, including friendly and hostile takeovers bids, schemes of arrangement, public to privates, privatisations and private treaty deals, backed by extensive experience dealing with all relevant regulators including the Takeovers Panel, ASIC, FIRB and ASX.

A corporate lawyer known for his detailed industry knowledge and technical expertise, he also advises on equity markets transactions, corporate governance and directors duties, foreign investment approvals, capital management initiatives and corporate and securities law.

Costas is widely recognised as a leading lawyer in his field in independent guides, singled out for his ‘amazing legal mind’, his ‘commercial judgement’ and his tactical strength in public market M&A.

A$1.2 billion merger of Vocus Communications and Amcom Telecommunications

Advised Vocus Communications on its $1.2 billion scrip based merger with Amcom Telecommunications Limited to create the third largest provider of corporate telecommunications services in Australia. Vocus and Amcom are infrastructure providers with extensive fibre optic network and data centre assets which offer cloud and telco services to enterprise, government and corporate clients.

$2.3 billion recapitalisation of Yancoal Australia Limited

Advised the decision-making Independent Board Committee of Yancoal Australia Limited in connection with its US$2.3 billion pro rata subordinated capital notes offer and balance sheet recapitalisation. This recapitalization was groundbreaking in the structure of the offer using subordinated capital notes, and the complex set of inter-linking arrangements implemented to shore up Yancoal's balance sheet and ensure its ongoing solvency.

A$1.57 billion TPG Telecom takeover of iiNet

Advised TPG Telecom on its takeover of iiNet by way of contested, recommended scheme of arrangement. The acquisition of iiNet, Australia's second largest DSL Internet Service Provider, has increased TPG’s broadband subscriber base to over 1.7 million customers and made it the third force in Australia's telecommunications landscape.

A$1.75 billion sale and privatisation of Port of Newcastle

The sole legal adviser to NSW Treasury in relation to the $1.75 billion sale (by way of long term lease) and privatisation of Port of Newcastle, which is the world's largest coal export port. The A$1.75 billion restructure and refinancing transaction establishes a new benchmark in transaction preparation and execution, as reflected in the financial outcome which significantly exceeded market expectations. The transaction will free up much needed capital to help the NSW Government fund the revitalisation of the Newcastle CBD, and a backlog of other critical public infrastructure across New South Wales, including hospitals, schools and roads.

A$107 million reverse takeover between Mnemon and GraysOnline

Advised on the reverse takeover between Mnemon Limited and Grays (Aust) Holdings Pty Ltd, which resulted in the combination of the two entities. This transaction created Australia's largest listed e-commerce group with gross sales in excess of $440 million. This was a complex backdoor listing of Grays Online involving a combination of multiple online businesses.