Darryl McDonough is an experienced public and listed company director who practises in corporate law with an emphasis on national and international mergers and acquisitions, takeovers and capital raisings, corporate governance and competition law.

Darryl also has experience in the areas of company structuring, securities, foreign investment, offshore structures and corporate crime.

Darryl was the Chief Executive Partner of Clayton Utz from 1 July 2010 to 30 June 2014.

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Expertise

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Corporate / M&A

Billabong International Limited: Acting since 2000 on a variety of matters including leading the legal team responsible for the IPO of this company in the drafting of all legal documentation for executive service agreements, share plans, restructuring the group; negotiated Thin Air acquisition of licensed clothing and accessory business; negotiated greenshoe and market stabilisation arrangements; advice to the board on various matters. 

Queensland Treasury: Acted for Treasury in relation to the transfer of Golden Casket Lottery Corporation Limited to Tattersall's Limited. 

South East Queensland Water Board: Advised board on corporatisation as South East Queensland Water Corporation Limited. 

GWA International Group - Darryl has acted for since 1982 on a range of transactions including acquisitions, disposals and equity raisings; established due diligence processes and managed data rooms, worked with brokers and underwriters in raising funds through underwritten renounceable rights issue; negotiated, advised and documented the acquisition of the Australian and New Zealand James Hardie Bathroom products division and the acquisition of the Stylus businesses involving the manufacture, wholesale and distribution of acrylic baths, spa baths and tap ware. 

Stadium Redevelopment Authority:  Rugby World Cup; Membership and Naming Rights arrangements and management arrangements in respect of Suncorp Stadium.  

Regulatory

ACCC Matters: Significant experience in dealing with competition issues.

Norco Co-Operative Limited: Advising Norco on supply terms and regulatory issues.  

See Corporate / M&A

Mergers and Acquisitions

Colorado group Limited: Advised on takeover of Colorado group ltd by Affinity Equity Partners of Hong Kong. 

Queensland Treasury: Acted for Treasury in relation to the transfer of Golden Casket Lottery Corporation Limited to Tattersall's Limited. 

Queensland Cement - Acted and led the legal team responsible for the negotiation and documenting of a merger of companies involved in the Australian cement industry. 

GWA International Group - Darryl has acted for since 1982 on a range of transactions including acquisitions, disposals and equity raisings; established due diligence processes and managed data rooms, worked with brokers and underwriters in raising funds through underwritten renounceable rights issue; negotiated, advised and documented the acquisition of the Australian and New Zealand James Hardie Bathroom products division and the acquisition of the Stylus businesses involving the manufacture, wholesale and distribution of acrylic baths, spa baths and tap ware. 

Pauls Limited:  Advised on takeover and general takeover strategy advice in relation to two takeovers for this company one of which by Parmalat Limited was successful. 

Queensland Cotton Holdings Limited:  Advised in relation to proposed merger with Namoi Cotton and on competing takeover bids for this company by Louis Dreyfus and Olam International Limited of Singapore.  

Cellnet Telecommunications: Negotiated and settled acquisition of IT Wholesale company by way of expansion to core business.

Pauls Limited:  Advice on takeover documentation including development of strategy to slow takeover process to encourage new bidder and general takeover strategy advice. 

Queensland Cement:  Led the legal team responsible for the negotiation and documenting of a merger of companies involved in the Australian cement industry.  

UNiTAB Ltd:  Acted for UNiTAB Limited in relation to a proposed merger with TAB Limited and subsequent takeover bid for TAB Limited.

Childcare Centres Australia Limited: Advised in relation to merger with ABC Learning Centres Limited by way of scheme of arrangement. 

Devine Limited: Negotiated and advised on the acquisition and sale of a substantial interest in the Hope Island development. 


Wotif.com:
Advised Wotif.com on takeover of Travel.com.au Limited.

See Mergers and Acquisitions

Equity Capital Markets / IPOs

Cellnet Telecommunications:  Listing on ASX for IPO of $30 million, established due diligence processes and managed data room and drafting and verifying prospectus. Negotiated and settled acquisition of IT Wholesale company by way of expansion to core business.

Queensland Treasury:  Advised Queensland Treasury in relation to the capital raising venture by Australian Magnesium Corporation Ltd to fund the development of the Stanwell Magnesium Project. 

GWA International Group - Darryl has acted for since 1982 on a range of transactions including acquisitions, disposals and equity raisings; established due diligence processes and managed data rooms, worked with brokers and underwriters in raising funds through underwritten renounceable rights issue; negotiated, advised and documented the acquisition of the Australian and New Zealand James Hardie Bathroom products division and the acquisition of the Stylus businesses involving the manufacture, wholesale and distribution of acrylic baths, spa baths and tap ware. 

TAB Queensland Limited and UNiTAB Limited:  Privatisation and listing of TAB Queensland Limited on ASX, advising UNiTAB Limited in relation to proposed merger with TAB Limited and subsequent takeover bid for TAB Limited.  

Wotif.com: Advised on float of Wotif.com.

MicroMedical Industries Limited:  Established processes for due diligence and maintained due diligence data room and assisted with raising of capital via equity investment.  Continued advice in relation to USA equity investors. Implement rights issue. Implement employee and director option incentive schemes.

TAB Queensland Limited:  Privatisation and listing on ASX, prospectus, executive service agreement and options for CEO, executive option plan, employee share plan and advice to directors on various issues. 

Virgin Blue:  Assisting with matters prior to and relevant to the IPO.

Monto Minerals Limited:  Acted in relation to institutional placing and options rights issue.  AIM listing and institutional equity placement, convertible note issue and loan facility.  


Billabong International Limited
: Acting since 2000 on a variety of matters including leading the legal team responsible for the IPO of this company in the drafting of all legal documentation for executive service agreements, share plans, restructuring the group; negotiated Thin Air acquisition of licensed clothing and accessory business; negotiated greenshoe and market stabilisation arrangements; advice to the board on various matters.  

See Equity Capital Markets / IPOs

Corporatisation and Privatisation

Queensland Treasury: Acted for Treasury in relation to the transfer of Golden Casket Lottery Corporation Limited to Tattersall's Limited. 

South East Queensland Water Board: Advised board on corporatisation as South East Queensland Water Corporation Limited. 

TAB Queensland Limited and UNiTAB Limited:  Privatisation and listing of TAB Queensland Limited on ASX, advising UNiTAB Limited in relation to proposed merger with TAB Limited and subsequent takeover bid for TAB Limited.  

TAB Queensland Limited:  Privatisation and listing on ASX, prospectus, executive service agreement and options for CEO, executive option plan, employee share plan and advice to directors on various issues.  

See Corporatisation and Privatisation

Knowledge

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