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Three firms have advised on the financing of the public-to-private takeover of Spotless Group Limited, which was completed on 16 August.
Firms: King & Wood Mallesons (syndicate of 19 international and domestic banks), Clayton Utz (Spotless), Gilbert + Tobin (PEP)
Area: Private equity raising
Value: $1.2 billion
Key players: The King & Wood Mallesons team was led by banking and finance partner Jeff Clark (pictured) and senior associate Andrew Maynes, who were supported by solicitor Andrew Vincent
Deal significance: The $1.2b acquisition by Pacific Industrial Services BidCo Pty Ltd, an entity owned by funds advised by Pacific Equity Partners (PEP) and its affiliates, was completed by a Scheme of Arrangement. “It is pleasing to have been involved in such a significant private equity transaction in what remains a challenging environment to raise debt and equity financing,” said Clark.
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