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International law firm Allens has advised a private equity firm on its purchase of a 10 per cent stake in Australia Pacific LNG from Origin Energy.
Firm: Allens (EIG).
Value: $2.12 billion.
Area: Equity, M&A.
Key players: The Allens team was led by lead M&A partner Mark McAleer, supported by partners John Hedge and Jeremy Low.
Deal significance: The deal builds on EIG’s investment presence in the Australian market and represents the first private equity sponsor-led acquisition of an interest in an operational integrated LNG project globally. Allens advised EIG on all aspects of the transaction, including the M&A transaction with Origin and the Australian aspects of its debt financing.
Mr McAleer said: “This significant investment from EIG highlights the ongoing appetite from private equity for investments in high-quality assets in the oil and gas sector, which have proven track records of delivering returns.
“The investment is a continuation of EIG’s strategy to gain exposure to high-quality LNG assets. It has been a pleasure to have been able to assist EIG to bring this innovative transaction to signing.”
