Media Release: Clayton Utz acts for Brookfield and Macquarie on US$2.15 billion Quadrant sale to Santos
Sydney, 27 August 2018: Clayton Utz has advised a consortium of sellers led by Brookfield and Macquarie on the US$2.15 billion sale of Quadrant Energy to Santos Limited.
This is one of the most significant M&A transactions in the energy and resources sector and marks the culmination of significant due diligence, planning and negotiations following the decision by Quadrant's owners to embark on a sale of the business.
Clayton Utz partners Emma Covacevich and Stuart Byrne led the transaction along with Peter Feros. Other core team members included Ben Cansdale, Johnson Lo, Katy Warner, Kwan Leung, Kaz Field and Andrew Lassman.
Clayton Utz acted for the sellers, a consortium comprising Brookfield Business Partners together with its institutional partners, and Macquarie Capital together with its institutional partners.
Subject to regulatory approvals, the transaction is expected to complete at the end of 2018.
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