Sidney is a private merger and acquisition specialist, with a particularly strong focus on the energy and resources sector. 

With over 10 years of extensive corporate advisory and merger and acquisition experience (with a significant portion of that time exclusively in the energy, infrastructure and resources sector), Sidney has taken lead roles in advising both large Australian and foreign entities in high-profile, high-value, strategic transactions.  His significant track-record includes complicated and critical farm-in/farm-out and joint venture arrangements and commodity supply transactions.

Complementing this is Sidney's deep understanding of the regulatory landscape, including Australia's foreign investment rules, the ASX Listing Rules, corporate governance and the mining, oil and gas regulatory framework.

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Expertise

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Corporate / M&A

EMR Capital:  Sidney acted on behalf of funds advised by private equity firm EMR Capital on the acquisition of the Kestrel coal mine from Rio Tinto for ~US$2.25 billion.

Woolworths Group Limited: Sidney advised Woolworths Group Limited on the disposal of its retail fuel network (which includes over 500 petrol stations Australia-wide) for approximately A$1.785 billion (subject to additional working capital adjustments) to BP plc.  Sidney subsequently continued to advise Woolworths on the expansion and extension of its existing commercial alliance arrangement with Caltex (after the ACCC blocked the original proposed sale to BP plc on competition concerns).

Salmat Limited:  Sidney advised Salmat on the sale of its Contact Centre business to funds advised by private equity firm Five V Capital for ~A$53 million.

Copenhagen Infrastructure Partners: Sidney acted on behalf of Danish fund manager Copenhagen Infrastructure Partners on its initial acquisition and joint venture arrangement with Offshore Energy to develop Australia's first offshore windfarm, the Star of the South.  Located approximately 10-25 km off the south coast of Gippsland, Victoria, in the Bass Strait, the Star of the South is expected to have an expected capacity of up to 2,000MW.  The entire project is estimated to require $8 billion worth of investment over 25 years.

NGA Human Resources/Goldman Sachs: Sidney advised NGA (a Goldman Sachs-backed multi-national SaaS HR and payroll solutions provider) on the sale of its Australian and New Zealand business to Ascender, which valued the combined business at ~A$500 million. This resulted in the creation of a market leader in HR and payroll software services in Australia/NZ and the Asia-Pacific region, servicing over 3,000 clients and over 1.7 million employees.

StatePlus:  Sidney acted on behalf of overseas private equity funds (who was the underbidder) in the proposed acquisition of StatePlus, a formerly state-owned corporation established to provide financial advice to public sector employees and their families.  This was a dual-track process with trade buyers participating in a competitive auction as well as against a potential IPO of StatePlus.

amaysim Australia Limited: Sidney acted on amaysim's first acquisition post-IPO, acquiring Vaya Pty Ltd (privately owned mobile virtual network operator (MVNO) with approximately 140,000 subscribers at the time of acquisition) at an enterprise value of ~A$70 million.  Sidney continued to act on behalf of amaysim in its acquisition of Australian Broadband Services Pty Ltd (AusBBS) which was amaysim's first foray into the lucrative NBN market.  

Investec: Sidney acted on behalf of Investec on its strategic acquisition of TMET assets, including Uber adjacent business Splend (an Australian start-up that rents cars to Uber drivers).

Simplot Australia Pty Ltd: Sidney acted on behalf of Simplot in its acquisition of Chicken Tonight, Raguletto and Five Brothers from Symington's Australia Pty Ltd.

ICM Airport Technics: Sidney acted on behalf of ICM Airport Technics (a global leader in self-service bag drop solutions) on its acquisition of Vedaleon Technologies (an aviation software solutions provider).

Health and Happiness: Sidney advised Health and Happiness (formerly known as Biostime International Holdings Ltd) in its acquisition of approximately 83% of the Swisse Wellness Group Pty Ltd at a price that gave the target an enterprise value of ~A$1.67 billion (debt free, cash free basis).  The transaction involved the use of bridging finance as well as warranty and indemnity insurance.

QCoal:  Sidney advised QCoal on its acquisition of Cliffs Australia Coal's 45% economic interest in the Sonoma Coal Joint Venture for ~A$141 million (net).  The acquisition included the interests in the coal mine along with the ownership of the affiliated wash plant (which was part of a separate but related joint venture arrangement).

Antofagasta plc: Sidney acted on behalf of a wholly owned subsidiary of Antofagasta plc (LSE: ANTO) in relation to its entry into a number of its exploration farm-in joint ventures and strategic alliances throughout Australia (Queensland, Northern Territory, Western Australia, New South Wales and South Australia), including advising on Antofagasta's exit from its strategic alliance with Monax Mining Ltd (ASX:MOX).

Trafigura/Puma Energy: Sidney acted on behalf of Trafigura/Puma Energy on all of BP's bitumen assets in Australia.

AMP Capital and China Investment Corporation: Sidney acted on the consortium's bid for BG Group's Natural Gas Pipeline in Queensland.

Origin Energy:  Sidney advised Origin Energy in its $3.25 billion acquisition of NSW energy retail assets (Country Energy and Integral Energy) and the "GenTrader" rights in respect of the Eraring power station.


See Corporate / M&A

Energy and Resources

Mining

EMR Capital:  Sidney acted on behalf of funds advised by private equity firm EMR Capital on the acquisition of the Kestrel coal mine from Rio Tinto for ~US$2.25 billion.

Vale:  Sidney provided regulatory and strategic advice to Vale on a number of its former coal mines in Australia including the Belvedere and Eagle Downs projects.

QCoal:  Sidney advised QCoal on its acquisition of Cliffs Australia Coal's 45% economic interest in the Sonoma Coal Joint Venture for ~A$141 million (net).  The acquisition included the interests in the coal mine along with the ownership of the affiliated wash plant (which was part of a separate but related joint venture arrangement).

Antofagasta plc: Sidney acted on behalf of a wholly owned subsidiary of Antofagasta plc (LSE: ANTO) in relation to its entry into a number of its exploration farm-in joint ventures and strategic alliances throughout Australia (Queensland, Northern Territory, Western Australia, New South Wales and South Australia), including advising on Antofagasta's exit from its strategic alliance with Monax Mining Ltd (ASX:MOX).

MMG Dugald River Project:  Sidney advised MMG in relation to this project including approvals strategy, landowner access and compensation issues.


Oil & Gas

APLNG:  Sidney was part of the team that advised on various upstream regulatory aspects relating to the Australia Pacific LNG project, including gas field development, and the ~447km gas pipeline construction.

AMP Capital and China Investment Corporation: Sidney acted on the consortium's bid for BG Group's Natural Gas Pipeline in Queensland.


Renewables

Copenhagen Infrastructure Partners: Sidney acted on behalf of Danish fund manager Copenhagen Infrastructure Partners on its initial acquisition and joint venture arrangement with Offshore Energy to develop Australia's first offshore windfarm, the Star of the South.  Located approximately 10-25 km off the south coast of Gippsland, Victoria, in the Bass Strait, the Star of the South is expected to have an expected capacity of up to 2,000MW.  The entire project is estimated to require $8 billion worth of investment over 25 years.


Other

Trafigura/Puma Energy: Sidney acted on behalf of Trafigura/Puma Energy on all of BP's bitumen assets in Australia.

Origin Energy:  Sidney advised Origin Energy in its $3.25 billion acquisition of NSW energy retail assets (Country Energy and Integral Energy) and the "GenTrader" rights in respect of the Eraring power station.

Anglo American:  Sidney acted on behalf of Anglo American in its dealings with Energy Developments (EDL) in relation to the establishment by EDL of an on mine-site power station utilising waste coal seam gas at Anglo Amercian's Grosvenor and German Creek coal mines.

Noble Group:  Sidney has acted on behalf of the Noble Group in relation to a number of project funding and marketing arrangements associated with projects in various jurisdictions, including Mongolia, the Solomon Islands, Mozambique, South Africa and Australia. 

See Energy and Resources

Knowledge

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