Financial Services

Our Financial Services & Insurance industry group is at the forefront of development across this complex, highly regulated and constantly changing sector. We are closely involved with all aspects of financial services, so we understand fully the operational and regulatory issues that the industry faces. Our specialist lawyers practice in the areas of banking, superannuation, funds and life and general insurance. We have unparalleled experience in and understanding of financial product advice and distribution, whether through aligned dealer groups or the open market.

Financial services is one of the core industry groups on which MinterEllison is founded. We act for the Big Four banks and other major financial services organisations in Australia and overseas. We provide commercially astute advice in M&A, capital markets, banking & finance, insurance, corporate governance, regulatory matters, tax, restructuring & insolvency, outsourcing and competition.

We are active participants in the key financial services industry associations, contributing to the policy debate and submissions to government on regulatory change. We invest the time to develop innovative products and solutions for our financial services clients to assist them comply with licensing and other financial services regulations.

We also have extensive experience in dealing with regulators — such as ASIC, APRA, ACCC, ASX, State Revenue Office and the ATO — and understand the regulatory outcomes they are trying to achieve.

HUB24 acquisition of Agility Applications Pty Ltd

Advised HUB24 Limited on its proposed acquisition of leading fintech Agility Applications Pty Ltd. Our role involved advising HUB24 in all major aspects of the transaction, including structuring, legal due diligence and transaction documentation.

Acquisition and development of the Waterline residential development in Williamstown, Victoria

MinterEllison acted for Bankwest in connection with project finance provided to an AVJennings subsidiary to assist with the acquisition and development of the Waterline residential development in Williamstown, Victoria. The development consists of 4 stages and will ultimately yield up to 600 apartments and 100 townhouses with a small retail component.

The Melbourne FIG team (Theo Kindynis, Sean Bradley and John Azzopardi) assisted Bankwest with the negotiation and documentation of the senior financing documents (including side deeds with material construction contractors) to fund the acquisition and development. The facilities consisted of up to $100 million (approx) by way of a peak debt arrangement.

Assisting Victoria Racing Club Ltd with the debt financing arrangements for the A$120m plus construction of the new Flemington Racecourse

Assisting the Victoria Racing Club Ltd with the debt financing arrangements for the A$120m plus construction of the new 18,000 seat Club Stand at Flemington Racecourse, the home of the Melbourne Cup.

CGU Insurance Australia sale by Swann Insurance (Aust) Pty Ltd of a number of channels of its intermediated insurance distribution business to Eric Insurance Limited

Advised CGU Insurance Australia Limited (a subsidiary of IAG) on the sale by Swann Insurance (Aust) Pty Limited of a number of channels of its intermediated insurance distribution business to Eric Insurance Limited.

Takeover bid made by Crescent Capital Partners to acquire ASX listed Cardno Limited

Participation in the all cash off market proportional takeover bid made by Crescent Capital Partners to acquire to acquire 1 out of every 2 shares in ASX listed Cardno Limited.