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Big Law

Water utility service provider sold to BEWG

A global law firm has advised various parties on the sale of the TRILITY Group to Beijing Enterprises Water Group.

May 01, 2018 • By Emma Musgrave
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Firms: Ashurst (Mitsubishi Corporation, Innovation Network Corporation of Japan and JGC Corporation); DLA Piper (Beijing Enterprises Water Group)

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Deal: Mitsubishi Corporation, Innovation Network Corporation of Japan and JGC Corporation (sellers) have been advised on their sale of the TRILITY Group Pty Ltd (TRILITY) to Beijing Enterprises Water Group (BEWG).

 
 

Value: Undisclosed

Area: M&A

Key players: The Ashurst cross-border team was led by partners Natsuko Ogawa (corporate) and Tanya Denning (resources and utilities).

Deal significance: In this transaction, Ashurst advised the sellers and TRILITY on the sale process, vendor legal due diligence, the negotiation of the transaction and the process for obtaining third-party consents.

The transaction was also subject to Foreign Investment Review Board (FIRB) approval and was completed on 24 April 2018.

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TRILITY is described as a leading private and independent water utility service provider, which operates across Australia and New Zealand’s municipal and industrial sectors, according to a statement from Ashurst.

“It operates a significant number of Australian waste water and treatment plants, including the Adelaide Desalination Plant, mine-site water treatment operations for companies including Energy Resources of Australia, and irrigation systems in South Australia and Victoria,” the global firm noted.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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