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Taxation
ConocoPhillips: Peter advised NYSE-listed ConocoPhillips on the tax aspects of its arrangements with Santos Limited to acquire ConocoPhillips' Australia-West and East Timorese assets and operations for $US1.39 billion ($A2.2 billion).
Woolworths Holdings: When the South African based Woolworths Holdings acquired David Jones in 2014 for $2.2b, Peter advised on the income tax implications of the transaction. Peter also advised the group on their acquisition of a minority stake in the Country Road Group.
Macquarie and Brookfield: Advised a consortium of sellers led by Brookfield and Macquarie on the tax considerations of 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.
Woolworths: Clayton Utz advised Woolworths on the sale of its petrol station business and 526 petrol station sites to EG Group, an overseas entrant to the Australian market. Peter played a key role in advising Woolworths on the tax aspects of the transaction and led a team of experts covering income tax, stamp duty and GST.
Suntory Beverage & Food Limited: Peter advised Tokyo Stock Exchange listed Suntory Beverage & Food Ltd (Suntory) on the tax aspects of the sale for A$290 million of its Cerebos Food & Instant Coffee business in Australia and New Zealand and Asian Home Gourmet Singapore business to The Kraft Heinz Company (Kraft).
Tox Free Solutions Ltd: The tax team advised Tox in relation to tax implications of the scheme of arrangement with Cleanaway - the tax team was instrumental in assisting the client navigate the complexity surrounding the timing of the transaction vis a vis the intended tax outcomes for shareholders. The deal was one of the top-ten largest Australian public M&A transactions announced in 2017.
DTZ Acquisition: Peter advised a consortium on Australian income tax in relation to its proposed $1.2 billion acquisition of DTZ, a global property services business from UGL Limited. The consortium consisted of TPG Asia, Inc, Hong Kong investment manager PAG Asia Capital and Canada’s Ontario Teachers’ Pension Plan. This was a significant transaction for TPG, PAG and OTPP in the Australian market and involved cross border complexity and a broad range of structuring considerations for diverse stakeholders.
Westpac Banking Corporation: Peter advised Westpac in relation to the income tax implications of its acquisition of Lloyds Banking Group's Australian businesses.
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Private Equity
Macquarie and Brookfield: Advised a consortium of sellers led by Brookfield and Macquarie on the tax considerations of 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.
Pacific Equity Partners (PEP): Peter provided income tax advice in connection with the initial acquisition by PEP of the Spotless Group and the subsequent IPO.
Bain Capital: Peter advised Bain Capital on the income tax aspects of the acquisition of Retail Zoo, a leading multi-brand franchise player which includes signature brands such as Boost Juice Bars, Salsa's Fresh Mex Grill, Cibo Expresso and Hatch Chicken Shop.
DTZ Acquisition: Peter advised a consortium on Australian income tax in relation to its proposed $1.2 billion acquisition of DTZ, a global property services business from UGL Limited. The consortium consisted of TPG Asia, Inc, Hong Kong investment manager PAG Asia Capital and Canada’s Ontario Teachers’ Pension Plan. This was a significant transaction for TPG, PAG and OTPP in the Australian market and involved cross border complexity and a broad range of structuring considerations for diverse stakeholders.
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Taxation Disputes
Family groups: Peter advises a number of private family groups on their tax related matters including taxation disputes with the Australian Taxation Office.
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Banking and Finance
Westpac Banking Corporation: Peter advised Westpac in relation to the income tax implications of its acquisition of Lloyds Banking Group's Australian businesses.
Credit Suisse: Peter advised Credit Suisse in connection with its financing ($5b) of Fortescue Metals Group.
Corporate Bond and Debt Syndications: Peter advises various lenders and borrowers alike on the Australian income tax implications of a wide range of corporate bond and debt syndication transactions.
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