Directions in Private Equity presents the developments and issues shaping Private Equity in Australia.

Private Equity

MinterEllison’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.

MinterEllison’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.

Sale of Murray River Forests (Project Wiradjuri)

Acted for Murray River Forests Pty Limited, an entity managed by Global Forest Partners LP, on the sale of approximately 5,500 plated hectares of freehold land and interests in 750 hectares of neighbouring plantations in southern New South Wales. Having advised on the entire lifecycle of the investment, our team brought significant expertise and experience to the transaction to maximise the outcome for the client.

Sale of Hussmann Corp to Panasonic Corporation

Advised Panasonic Corporation from an Australian and New Zealand perspective on its acquisition of Hussmann Corporation, a Missouri-based manufacturer of refrigerated display cases and systems for US$1.545 billion.

Acquisition of Affinity Education Group Limited

Advised Anchorage Capital Partners on its acquisition of ASX-listed education provider Affinity Education Group Limited by way of scheme of arrangement. We provided strategic advice to Anchorage in relation to dealing with a rival bidder for Affinity, Anchorage's involvement in successful Takeovers Panel Proceedings and a complicated transaction structure.

Healthscope acquisition by TPG/Carlyle

Advised Healthscope in its A$2.7bn takeover by scheme of arrangement by private equity consortium Texas Pacific Group (TPG) and The Carlyle Group. The recommended offer was the culmination of an intense bidding war between a number of private equity groups. Given the bidding duel, the transaction dynamics and strategies changed regularly and quickly. We had a key advisory role and were able to provide urgent and constant strategic and legal input as required in the bidding process.

Sale of Laser Clinics Australia shares to Archer Growth

Advised Laser Clinics Australia and its shareholders on the partial sell-down of shares in Laser Clinics Australia to Archer Growth, a pre-eminent Australian private equity fund. Laser Clinics Australia is a leading non-surgical cosmetics treatments franchise business with a network of clinics in New South Wales, ACT, Queensland, South Australia and Victoria.