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.

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.

Link Group IPO and ASX listing (A$2.5b)

Acted as legal adviser to Intermediate Capital Group (a substantial shareholder of Link who, while selling down a portion of its shareholding in Link into the initial public offering, retained a stake in Link following its initial public offering) in connection with Link's A$2.5 billion initial public offering and listing on the Australian Securities Exchange.

Ascendas Real Estate Investment Trust's A$1.013 billion acquisition of GIC's and Frasers Property Australia Pty Limited's logistics property portfolio in Australia

Advised Ascendas Real Estate Investment Trust on its acquisition of a portfolio of 26 logistics properties located in Australia for A$1.013 billion from Singapore's sovereign wealth fund, GIC, and Frasers Property Australia Pty Limited. The deal involved establishing a wholly owned managed investment trust structure to acquire the properties though a combination of unit trust acquisitions and direct property acquisitions. This is the largest-ever industrial property deal in Australia and the second largest industrial property deal to date in the Asia Pacific. The quality of the portfolio attracted significant competition from domestic and international property investors. Ascendas' exclusive period of negotiation with the vendors was conducted on an extremely tight timetable. This, together with the complexity of the transaction, required seamless coordination and collaboration between our Australian team and Allen & Gledhill LLP, Ascendas' legal adviser in Singapore.

A$1.55 billion Lloyds Banking Group sale of Capital Finance and BOS International Australia

Acted together with Allen & Overy as joint legal advisers to the Lloyds Banking Group on the sale of its Australian asset finance business, Capital Finance Australia Ltd (CFAL), and its corporate loan portfolio, BOS International Australia Ltd (BOSI) to Westpac Banking Corporation for approximately A$1.55 billion in total.

Wilmington Trust

Advising Wilmington Trust in relation to Altamont Capital Partners' Billabong refinancing.