Oroton was listed on ASX and has over 50 stores across Australia and Asia.

The MinterEllison team successfully engaged with Oroton's Administrators to secure the purchaser an exclusive arrangement to acquire 100% of Oroton, following which the firm navigated court and regulatory approvals efficiently to ensure a smooth acquisition.

The retailer entered into Voluntary Administration in November 2017, following which the parties signed an Implementation Agreement on 23 December 2017 to acquire Oroton pursuant to a DOCA.

"We are proud to have advised on the purchase of Oroton. We hope that this is the start of exciting new times for this iconic Australian brand," said Michael Gajic, MinterEllison lead partner.

MinterEllison advised the purchaser on all aspects of the transaction including deal structuring, drafting and negotiating all transaction documents and obtaining all necessary regulatory approvals.

"This significant restructuring deal is the latest in a number we have been involved in recently, including the restructuring and sale of Network Ten, the Boart Longyear recapitalisation, and the Baralaba Coal Company Limited sale and recapitalisation," Mr Gajic added.

The MinterEllison team was led by Michael Gajic (Partner). He was supported by Michael Hughes, Stewart Robertson, James Momsen (Partners), Geread Dooley (Senior Associate), Taline Chater (Special Counsel), Anthony Sommer (Senior Associate), Paul Baillie (Principal Consultant) and Dong Su Kim (Associate).