David Stammers is an accomplished corporate lawyer specialising in private equity and M&A transactions.

With over 15 years' private equity experience, David has acted for many of the leading private equity investment houses, including Pacific Equity Partners, Ironbridge Capital, Archer Capital, Bain Capital Inc. and CVC Asia Pacific Limited.

He has acted on every stage of the private equity transaction cycle ranging from fund formation and sponsor team equity and carry arrangements to acquisitions, portfolio bolt-ons and portfolio company exits.

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Expertise

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Private Equity

Ironbridge Capital: advising Ironbridge on its A$120m block trade of part of their remaining 40% holding in Eclipx Limited (ECX) in 2015 and again in 2016.

Ironbridge Capital: advising a consortium of investors led by Ironbridge on its strategic investment in SME Lender Prospa Advance.

Ironbridge Capital: advising Ironbridge portfolio company FleetPartners, renamed Eclipx, on its A$700m initial public offering.

Pacific Equity Partners (PEP): advising PEP on the A$200m plus initial public offering of Collins Foods ‒ one of the largest IPOs in 2011 in Australia.

Pacific Equity Partners: advising on the A$250m public to private MBO of WRC Inc operating Sizzler Restaurants Worldwide and KFC restaurants in Queensland

Archer: acting for management on the MBO of Sulo MGB Australia in conjunction with Archer Capital.

Pacific Road Funds: acting on the initial equity investment by the Pacific Road Funds in gold miner Kula Gold including acting for Pacific Road in connection with the underwritten ASX listing of Kula Gold.

Ironbridge Capital: advising the Ironbridge portfolio company, FleetPartners, on the acquisition of CarLoans.com.au.

Ironbridge Capital: advising the Ironbridge portfolio company, FleetPartners, on the A$200m acquisition of FleetPlus.

Ironbridge Capital and Archer Capital: advising on the A$700m sale of iNova Pharmaceuticals to NYSE-listed Valeant.

Pacific Equity Partners: advising on its A$440m acquisition of Hoyts.

Catalyst Private Equity: advising on its acquisition of the Dusk and Adairs retail business.

Ironbridge Capital: advising as Australian counsel, on the NZ$501m sale of EnviroWaste Services Limited to Hong Kong-listed Cheung Kong Infrastructure Holdings Limited.

Ironbridge Capital: advising on its acquisition of Global Renewables Limited.

Bain Capital: advising in relation to the Australian aspects of Dow Chemical's A$1.63bn sale of its Styron plastics business to private equity firm Bain Capital.

CVC Asia Pacific and Catalyst: acting on their A$750m acquisition of the Pacific Brands business from Pacific Dunlop Limited.

Archer Capital: (and its transaction partner, Simplot Australia Pty Limited) on its acquisition of the John West Foods business from Unilever.

Ironbridge and Archer: advising on the US$350m acquisition of the 3M Pharmaceuticals business in Australia, Asia and Africa

GTCR: advising on the Australian aspects of a deal involving Devicor Medical Products (a portfolio company of GTCR Golder Rauner, LLC), acquiring a division of Johnson & Johnson.

Other transactions for Ironbridge: 

  • advising Bravura Solutions Limited (majority owned by Ironbridge Capital) on its fully underwritten rights issue to partly fund the proposed acquisition of Mutual Fund Technologies Limited, on which we are also acting.
  • acting on its A$125m MBO of Mrs Crockets Kitchen.
  • acting on the sale of its interest in the A$1.45bn sale of the Affinity Hospitals business to Ramsay Healthcare.
  • acting on the current fundraising establishment of the Ironbridge Capital Fund II (A$1.05bn).
  • acting on the establishment of, and shareholder agreements in relation to, Ironbridge Capital and the raising of the A$450m Ironbridge Capital Fund 1.

Other transactions for Ironbridge and Archer:

  • advising on the proposed acquisition of Symbion Health Limited's pharmacy services and consumer businesses from Healthscope, following Healthscope's successful acquisition of Symbion Health.
  • acting on their proposed A$2.85bn acquisition of Symbion Health Limited.

Ironbridge and CVC Asia Pacific: acting on their A$800m acquisition of Mayne Group's hospitals business in Australia and Indonesia.

Pacific Equity Partners:

  • acting for management on the A$275m MBO of Vision Fire Systems in conjunction with Pacific Equity Partners.
  • acting for it on the A$115m leveraged buy-out of the WH Smith Aspac business including Angus & Robertson and Whitcoulls bookshops.
  • acting for it and Bain Capital Inc on various bids for Goodman Fielder Limited (all in excess of A$3bn).

Pacific Road:

  • acting for Pacific Road on its investment in ABM Resources, its underwriting of a subsequent rights issue and associated takeovers panel proceeding.
  • acting for Pacific Road on its investment in Aurelia Metals Ltd. restructuring proposals and subsequent litigation with Glencore.
  • acting for Pacific Road on its investment of convertible bonds, and subsequent conversion, in Pacific Energy Limited, a resources focused power generator
  • acting for Pacific Road on its investment in Mawson West, a TSX listed, Australian Based copper producer, developer and explorer with a focus on the Democratic Republic of Congo (DRC). MWE owns 90% of the Dikulushi Mining Convention and has one operation at Dikulushi and one mine in development at Kapulo Project.
  • acting for Pacific Road on its acquisition of a substantial shareholding from CSIRO in ASX listed Carbon Energy Limited and Pacific Road's subsequent investment of A$10m in convertible notes in Carbon Energy.

See Private Equity

Corporate / M&A

Bain Capital Credit: advising Bain Capital Credit and Deutsche Bank, Sydney Branch on their acquisition of the A$1.9bn commercial finance business from GE.

Arthur J Gallagher & Co (AJG): advising NYSE listed insurance broker AJG on its A$1.1 billion acquisition of the Wesfarmers insurance broking and premium funding businesses.

Bravura Solutions Limited: advising in connection with the acquisition of Bravura by Ironbridge Capital of the shares and options that Ironbridge did not own.

CPH: acting for Consolidated Press Holdings Limited in the acquisition of and ultimate sale of a major stake in PC Tools Inc.

Endesa SA: acted as Australian legal counsel in relation to the demerger of its renewable energy business, including the proposed establishment of a renewable energy joint venture between Endesa and Acciona SA

London Stock Exchange: advising the London Stock Exchange on the Australian aspects of its US$3.5bn acquisition of Frank Russell Company

Simplot Australia: advising Simplot Australia on various transactions including:

  • acquisition of the John West business in Australia and New Zealand from Unilever.
  • acquisition of the Lean Cuisine brand and associated manufacturing and licensing arrangements.
  • acquisition of Top Cut Foods.
  • acquisition of Chicken Tonight, Raguletto and Five Brothers.
  • disposal of Four n Twenty business to Patties Foods. 

See Corporate / M&A

Mergers and Acquisitions

Bain Capital Credit: advising Bain Capital Credit and Deutsche Bank, Sydney Branch on their acquisition of the A$1.9bn commercial finance business from GE.

Arthur J Gallagher & Co (AJG): advising NYSE listed insurance broker AJG on its A$1.1 billion acquisition of the Wesfarmers insurance broking and premium funding businesses.

Bravura Solutions Limited: advising in connection with the acquisition of Bravura by Ironbridge Capital of the shares and options that Ironbridge did not own.

Bravura Solutions Limited (majority owned by Ironbridge Capital): advised on the acquisition of Mutual Fund Technologies Limited

CPH: acting for Consolidated Press Holdings Limited in the acquisition of and ultimate sale of a major stake in PC Tools Inc.

Endesa SA: acted as Australian legal counsel in relation to the demerger of its renewable energy business, including the proposed establishment of a renewable energy joint venture between Endesa and Acciona SA (2009).

London Stock Exchange: advising the London Stock Exchange on the Australian aspects of its US$3.5bn acquisition of Frank Russell Company (2014)

Simplot Australia: advising Simplot Australia on various transactions including:

  • acquisition of the John West business in Australia and New Zealand from Unilever.
  • acquisition of the Lean Cuisine brand and associated manufacturing and licensing arrangements.
  • acquisition of Top Cut Foods.
  • acquisition of Chicken Tonight, Raguletto and Five Brothers.
  • disposal of Four n Twenty business to Patties Foods .

See Mergers and Acquisitions

Equity Capital Markets / IPOs

Pacific Equity Partners (PEP): advising PEP on the A$200m plus initial public offering of Collins Foods ‒ one of the largest IPOs in 2011 in Australia.

Eclipx Group Limited (formerly FleetPartners): advised vehicle and equipment financier Eclipx on its A$518 million IPO and ASX listing.

Bravura Solutions Limited (majority owned by Ironbridge Capital): advised on its fully underwritten rights issue to partly fund the proposed acquisition of Mutual Fund Technologies Limited, on which he also acted. 

See Equity Capital Markets / IPOs

Knowledge

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