Private Equity

Minter Ellison’s pre-eminent private equity team advises many of the leading domestic and regional private equity funds that invest in Australasia. Our leveraged finance team also works extensively in private equity acting for the lending banks and mezzanine providers. The combined strength of the team has enabled us to advise on many of the best known transactions in Australasia in recent years, and on larger transactions for regional funds.

Our private equity experience includes management buyouts, secondary buyouts and dual track exit transactions. We also provide integrated capability covering all aspects of alternative investments including fund formation and structuring, capital raising, offshore fundraising, tax structuring, and local and offshore investments.

Minter Ellison’s international office network gives our private equity team a seamless multi-jurisdictional capability for bolt on, domestic and offshore private equity investments, and for rolling out expansion strategies.

We have substantial experience in developing and executing strategies for private equity funds to exit their investments. We work closely with the firm’s ECM and M&A experts to provide the complementary legal expertise on exits via IPOs or trade sale.

Anchorage Capital Partners investment advice

Advised Anchorage Capital Partners, the Sydney based private equity firm focusing on special situations and turnaround investment in the Australian, New Zealand and Southeast Asian markets, on the first and final $250 million closing of Anchorage Capital Partners II. Significant interest from both existing and new investors meant that the Fund II was oversubscribed and capped at A$250 million. We also advised Anchorage in the successful close of its first fund, Anchorage Capital Partners Fund I in March 2010 which was also oversubscribed and closed at A$200 million. We have also worked with the Anchorage team on a number of acquisitions and disposals in Australia and New Zealand, including its investments in Dick Smith, Golden Circle, Burger King NZ and Total Eden.

A$61 million White Cloud acquisition of Careers Australia

Advised White Cloud Capital Advisors on the A$61 million acquisition of the 54.8% share in Careers Australia Group. In a fast moving and complex takeover involving a rival bidder, our team had to assist White Cloud to present Careers Australia Group with a strategy to terminate the Bid Implementation Deed between Careers Australia Group and Crescent Capital Partners to enable Careers Australia Group's independent directors to recommend the White Cloud bid. This took White Cloud's share in Careers Australia to 100%.

APN Outdoor Group's $425 million listing on the ASX

Advised APN Outdoor Group Limited on its $425m float on ASX.

Sale of majority interest in Discovery Holiday Parks to Sunsuper

Advised Next Capital, Allegro and Macquarie on the sale of their interests in Discovery Holiday parks to Sunsuper (assets valued in excess of $240 million).

Next Capital Aged Care investment

Advised Next Capital on its acquisition of five aged care facilities in South Australia and a subsequent sale and lease back.