Visit our CHQA News Hub to stay up-to-date with the latest in corporate governance and law.
Costas Condoleon is Minter Ellison'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 recognised as a leading lawyer in his field in most independent guides, singled out for his ‘amazing legal mind’, his ‘commercial judgement’ and his tactical strength in public market M&A.
Our Ports team is the leading legal specialists in this sector, with key roles advising on all recent major national port refinancing deals. We were the sole legal advisers to NSW Treasury in relation to the A$5.07 billion restructure and refinancing of the State-owned assets of Port Botany and Port Kembla, with proceeds from the transaction to be invested in the NSW Government's infrastructure fund, Restart NSW. That transaction completed on 31 May 2013.
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.
Acted as legal adviser to TPG Telecom Limited on its binding sale agreement to acquire 100% of Telecom New Zealand Australia Pty Ltd for A$450 million on a debt-free, cash-free basis. The sale includes the AAPT and Powertel businesses, and is a highly strategic acquisition to incorporate AAPT's inter-capital fibre into TPG's extensive network assets.
Advising the New South Wales Government (NSW Treasury) on the refinancing of Port Botany and Port Kembla in NSW. The project is unique, involving the contemporaneous refinancing and long term lease of two major Australian ports. Our role includes extensive legal analysis of the existing assets and businesses and the regulatory landscape; recommending a transaction structure; drafting special transaction legislation; asset restructuring; preparing extensive interrelated transaction documents; tender process and negotiations; and implementation under legal project management. The project is complex and very significant for NSW.