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Minter Ellison's capital markets practice has continued its work on major equity capital raisings, acting for Morgan Stanley Australia Securities Limited and Macquarie Capital (Australia) Limited as joint lead managers of the Watermark Market Neutral Fund Limited's initial public offering.
Three Minter Ellison lawyers were recognised at the inaugural Lawyers Weekly "30 Under 30" Awards announced on Friday, 14 June. The awards are designed to acknowledge young lawyers and the increasingly valuable contribution they make to law firms, to corporations and to the profession.
Leading Asia Pacific law firm Minter Ellison won a trio of awards, including Australian Deal of the Year, at the 2013 ALB Australasian Law Awards, announced in Sydney on 30 May.
State Grid Corporation of China, the world’s biggest utility company, has announced it will take a majority stake in most of Singapore Power’s Australian electricity and gas assets – agreeing to buy 19.99% of Singapore Power's listed SP AusNet for A$824 million and 60% of Singapore Power’s unlisted Jemena assets for an undisclosed amount.
On 23 May, Cromwell Property Group announced a A$250 million institutional placement and accelerated non-renounceable entitlement offer. The funds raised are to be used in part to fund the acquisition of approximately A$405 million in office assets from the New South Wales Government and to repay existing debt.
OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System, has purchased Civica Group PLC from British-based 3i Group for a transaction value of GBP390m (approximately US$604 million).
DEXUS Property Group and its wholesale fund, DEXUS Wholesale Property Fund (DWPF), announced significant additions to its Australian portfolio this month with acquisitions in Perth and in Brisbane.
In a cross-border transaction that spans Australia, China, South Africa and Bermuda, NKWE Platinum has entered into a strategic partnership with China's Zijin Mining Group to develop its South African platinum group metals assets, especially the flagship Garatau Mining project.
Chevalier International Holdings Limited has completed its acquisition (via an associated company) of a 70% stake in Moraitis Group Pty Limited, Australia's largest fruit and vegetable wholesaler. The deal values the company at about A$210 million, including debt.
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, has successfully closed its second fund – Anchorage Capital Partners Fund II – at A$250 million. It closed in less than six months despite the challenging fundraising environment. Minter Ellison were legal advisers to Fund II.
The depth and strength of Minter Ellison's team in Australia has been recognised by this year's list of Best Lawyers, announced today by Best Lawyers® and published by the Australian Financial Review.
M2 Telecommunications Group Ltd has entered into a binding Share Sale Agreement to acquire 100% of Dodo Australia Holdings Pty Ltd and its related bodies corporate. It has also signed a Bid Implementation Agreement with Eftel Limited, whereby it will make a recommended off-market takeover offer for all of the issued shares in Eftel.
Minter Ellison has named Pamela Jack as the new head of the firm's Construction practice division and Andrew Rentoul as the new Infrastructure Industry Group Leader.
A transaction that spans Australia, New Zealand, the United Kingdom and Canada will see Dental Corporation Holdings Limited, Australia and New Zealand’s largest dental group, acquired by Bupa Australia Health Pty Ltd through a scheme of arrangement.
Vehicle importer and retail group Inchcape plc will pay GBP78 million to acquire 100% of Australia’s largest prestige and luxury car retailer Trivett Automotive Group. The transaction, announced to the market yesterday, will complete on 1 March 2013.
Minter Ellison has named partner Paul Schoff as the new head of the firm's Australasian Competition Group.
Minter Ellison has welcomed back to the firm Andrew Orford and Nada Raphael in Brisbane and Perth respectively. Both return as Special Counsel after spending the past several years working for major players in the resources and energy sectors.
Minter Ellison has announced that competition & regulatory specialist Matthew Knox has joined the firm in Perth as a partner. He is a former partner of Corrs Chambers Westgarth.
Minter Ellison's Australasian Competition & Regulatory Group has maintained its 'elite' status according the world's leading antitrust and competition law news service, Global Competition Review.
Minter Ellison is advising Cromwell Property Group on its equity capital raising announced late last week.