Expand allCollapse all
Corporate / M&A
Tox Free Solutions: Mark advised the successful acquisition of 100% shares and related assets of Daniels Health Pty Ltd and Daniels Manufacturing Pty Ltd (together, Daniels) for an enterprise value of A$186 million and on the A$85 million fully underwritten 1 for 3.9 accelerated non-renounceable entitlement offer, undertaken to partly fund the acquisition.
Gindalbie Metals Ltd: Mark advised on the acquisition of interests in Gindalbie Metals by Chinese-based Anshan Iron & Steel Group Corporation (Ansteel), one of China’s largest steel producers. Our team was instrumental in obtaining FIRB approval for the investment to proceed. Gindalbie's major asset is the Karara Iron Ore Project in Australia's Mid-West, the construction of which is estimated to cost approximately A$2.57 billion.
Extract Resources Limited: Mark advised ASX/TSX/NSX listed Extract Resources Limited in connection with the £632 million recommended conditional cash offer made by Taurus Mineral Limited, an entity owned by CGNPC Uranium Resources Co and the China-Africa Development Fund, for AIM listed Kalahari Minerals plc. Kalahari has a 42.74% shareholding in Extract. The offer for Kalahari included a proposal to make a downstream cash offer for Extract, which valued the company at approximately A$2.2 billion.
Grange Resources Limited: Mark advised Grange Resources in respect of its scrip merger with Chinese-controlled Australian Bulk Minerals (ABM) through its acquisition of the holding companies of ABM from Jiangsu Shagang Group Co., Ltd, RGL International Co. Ltd, Pacific International Co. Pty Ltd and Stemcor Pellets Ltd. The acquisition values the combined company at approximately A$1 billion.
See Corporate / M&A
Mergers and Acquisitions
Gindalbie Metals Ltd: Mark advised on the acquisition of interests in Gindalbie Metals by Chinese-based Anshan Iron & Steel Group Corporation (Ansteel), one of China’s largest steel producers. Our team was instrumental in obtaining FIRB approval for the investment to proceed. Gindalbie's major asset is the Karara Iron Ore Project in Australia's Mid-West, the construction of which is estimated to cost approximately A$2.57 billion.
Extract Resources Limited: Mark advised ASX/TSX/NSX listed Extract Resources Limited in connection with the £632 million recommended conditional cash offer made by Taurus Mineral Limited, an entity owned by CGNPC Uranium Resources Co and the China-Africa Development Fund, for AIM listed Kalahari Minerals plc. Kalahari has a 42.74% shareholding in Extract. The offer for Kalahari included a proposal to make a downstream cash offer for Extract, which valued the company at approximately A$2.2 billion.
Grange Resources Limited: Mark advised Grange Resources in respect of its scrip merger with Chinese-controlled Australian Bulk Minerals (ABM) through its acquisition of the holding companies of ABM from Jiangsu Shagang Group Co., Ltd, RGL International Co. Ltd, Pacific International Co. Pty Ltd and Stemcor Pellets Ltd. The acquisition values the combined company at approximately A$1 billion.
See Mergers and Acquisitions
Corporate Governance
Wah Nam International Holdings Limited: Mark advised HKSE and ASX listed Wah Nam International in respect of its takeover bids for Brockman Resources Limited and FerrAus Limited, valued at A$925 million and A$265 million respectively. Acted in respect of Wah Nam International's subsequent successful A$456 million takeover bid for Brockman, and Wah Nam International's compulsory acquisition of Brockman.
Tox Free Solutions Ltd: advising in respect of its acquisition of the assets of Wanless Enviro Services Pty Ltd, Smart Skip Pty Ltd and Jones Enviro Services Pty Ltd, and certain of the assets of Wanless Enviro Asset Management Pty Ltd and matters incidental to the acquisition, including in relation to its A$43 million institutional placement and a share purchase plan.
Tox Free Solutions Ltd: Mark advised in respect of its acquisition of ASX listed, Dolomatrix International Ltd (Dolomatrix)'s business via an acquisition of the shares in its 4 operating subsidiaries and remaining assets required to operate the business at HeadCo level. Also advised on matters incidental to the acquisition, including in relation to its $27m equity raising and $40 million debt funding arrangements.
Lion Nathan Holdings Limited / Coopers Brewery Limited: Mark was the sitting president on the Takeovers Panel proceedings relating to Lion Nathan's hostile takeover bid for Coopers Brewery.
San Miguel Brewery Limited / Fonterra Limited / National Foods Limited: Mark was on the three person sitting Takeovers Panel for the rival and hostile takeover bids by San Miguel Brewery Limited and Fonterra Limited for National Foods Limited.
See Corporate Governance
Private Equity
Fortescue Metals Group: Mark advised FMG on the equity investment by one of China's leading steel mills, Hunan Valin Iron and Steel Group Company Ltd valued at approximately A$645 million. We also advised FMG in relation to foreign investment issues, negotiation and structuring of agreements with various Chinese parties and project financing, significant bond and equity raising.
Sundance Resources Ltd: Mark advised Sundance on the A$1.39 billion proposal (subsequently terminated) by China's Hanlong (Africa) Mining Investment Ltd to acquire 100 percent of Sundance by way of scheme of arrangement.
See Private Equity