Media release: Clayton Utz advising Bhagwan Marine on its acquisition of Riverside Marine

Corporate partners Mark Paganin and Stephen Neale are leading the firm's team together with senior associates William Davies and Victoria Bandurski, with key support from lawyers Imogen Farmer and Sabrina Bullock.  Other core team members include partner Anna Casellas and lawyer Sally Gilfillan (Workplace Relations, Employment and Safety), partner David Gerber and senior associate Andrew McNair (W&I Insurance), and partner Jonathan Donald and senior associate Alex Melara (Tax).

Clayton Utz is also advising Bhagwan in relation to its $30 million equity raising to part fund the acquisition. The equity raising involves a two-tranche placement to institutional and sophisticated investors as well as directors and related parties.

Clayton Utz's role in advising Bhagwan follows the firm acting for Bhagwan on its IPO and ASX listing in 2024.

Founded in Brisbane in 1926 by the Campbell family, Riverside Marine specialises in the management and operation of approximately 30 diverse vessels, including nine owned vessels, across five established brands. The Riverside group has long-standing clients within the industrial resources, scientific research, transport and logistics sectors.