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AGL completes WA expansion
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AGL completes WA expansion

Perth

King & Wood Mallesons has advised AGL Energy Limited (AGL) on its acquisition of Western Australia’s third biggest electricity retailer.

Firm: King & Wood Mallesons (AGL)

Deal: AGL has acquired 100 per cent of Perth Energy.

Value: $93 million

Area: M&A

Key players: The KWM team was led by Perth-based partner, Tim Edwards, with support from solicitor Lucius Moser.

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Partner, Richard Snowden and special counsel, Judith Taylor, advised AGL in relation to the tax aspects of the transaction.

Deal significance: Described as Western Australia’s third biggest electricity retailer, Perth Energy retails electricity and gas to business customers in Western Australia and also owns and operates a 120 megawatt gas-fired peaking power station in Kwinana.

Prior to the acquisition, Perth Energy was 80 per cent owned by Infratil, a New Zealand-listed infrastructure fund, with the remaining 20 per cent belonging to Hoperidge Enterprises and other minority shareholders, according to a statement from KWM.

“We are pleased to have advised AGL on the strategic acquisition of Perth Energy, which will see AGL increase its already growing presence in the Western Australian market. We look forward to working with AGL toward completion of the transaction,” Mr Edwards said.

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media and editor of its legal publication, Lawyers Weekly. 

She graduated from Charles Sturt University with a Bachelor of Communications (Journalism).

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

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