Corporate Financial Services

MinterEllison has one of the most specialised and largest financial services practices in Australia, with clients spanning the full spectrum of the financial services industry.

Our financial services team provides our clients with a seamless service across all aspects of their financial services requirements. Our team works with industry participants from retail insurance and funds management (including master trusts, superannuation, life products and ‘wrap’ accounts) to wholesale funds used as investment vehicles in a range of industry sectors. We also have substantial experience and understanding of financial product advice and distribution, whether through aligned dealer groups or the open market channel.

Our team includes experts on financial services regulatory issues, fund establishment and operation, fund investments, compliance, insurance advisory as well as experienced corporate lawyers providing M&A, corporate reconstruction and takeover-related advice.

We are at the forefront of market developments and opportunities and their impacts on our clients through active participation in industry bodies such as the Financial Services Council and the Association of Superannuation Funds of Australia. We also play an active role in regulatory change through lobbying the government on the impact of proposed changes.

ALS $325 million accelerated non-renounceable entitlement offer

Minter Ellison's Corporate M&A team has been advising longstanding blue-chip client ALS Limited in relation to its recently announced (and fully underwritten) A$325 million equity raising by way of an accelerated non-renounceable entitlement offer of new shares to existing shareholders (Equity Raising).

Debt financing via convertible note for Kajima Corporation

Advised Kajima Corporation on its debt financing (by way of convertible note) of Australian property and construction group, Atelier Construction.

Gloucester Coal merger with Yancoal Australia

Advised Gloucester Coal on its A$8bn merger with Yanzhou Coal Mining and its wholly owned subsidiary Yancoal Australia by scheme of arrangement. This was the biggest investment by a Chinese state-owned company in Australia's coal industry, continuing a trend of state-backed entities seeking to shore up China's resource security. It created one of Australia's largest listed mining companies, operating mines in NSW and Queensland and with investments in two coal export terminals – Wiggins Island in Gladstone and NCIG in Newcastle.

Sale of Lloyds property loans

Advised the Australia subsidiaries of Lloyds Banking Group on the sale of portfolios of property loans in Australia and New Zealand to Morgan Stanley and a consortium comprising Goldman Sachs and Brookfield.

AMEX acquisition of David Jones' credit card portfolio

Advised American Express on its acquisition of ASX listed David Jones' entire credit card portfolio for $450million and the subsequent issue of co-branded American Express and David Jones credit cards, which transaction was innovative and involved an in depth understanding of associated risks.