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.”
Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
