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SRG Global completes acquisition of WBHO Infrastructure

Global asset services company SRG has been advised on its acquisition of WBHO Infrastructure, which was in administration.

April 13, 2022 • By Jerome Doraisamy
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SRG Global completes acquisition of WBHO Infrastructure
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Firm: Herbert Smith Freehills and PwC (SRG); Deloitte and King & Wood Mallesons (administrators)

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Deal: SRG has acquired WBHO for net consideration of $15.2 million, which was undertaken by way of a deed of company arrangement (DOCA) that included a transfer of the shares of WBHOI to SRG Global Civil Pty Ltd (a subsidiary of SRG). The DOCA was approved by WBHOI’s creditors at the creditors’ meeting on 30 March 2022.

 
 

Completion of the acquisition occurred on 31 March 2022.

Area: Restructuring

Value: $15.2 million

Key players: The HSF team was led by partner Paul Apáthy, who was supported by partner partners Paul Branston and Frank Poeta, senior associates James Kirkpatrick, Sevan Gore and Jenny Allpike and solicitors Angus Dick, Frances Hewitt, Joseph Dean, Eleanor Lau and Jonathan Wu.

Deal significance: Speaking about the transaction, Mr Apáthy said: “We are very pleased with the outcome of this transaction. The acquisition sees the continued operation of WBHOI under new ownership and, importantly, the continued employment of all of WBHOI’s 275 Western Australian employees.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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