DLA Piper has advised Aspen Technology (AspenTech) on its proposed acquisition of mining software business Micromine Group, from private equity firm Potentia Capital and others.
Firm: DLA Piper (AspenTech)
Deal: AspenTech has made a proposal to acquire Micromine Group.
Value: Approximately $900 million
Key players: The DLA Piper Australia team was led by partner Grant Koch.
Mr Koch was supported by DLA Piper Australia’s Elizabeth Campbell, Matt Nowotny-Walsh, Joshua Scoles, Kayla Stathis, Nicholas Boyle, Nicholas Turner, Jyoti Singh, Alex Regan, Amelia Clarke, Clancy King, Alexander Horder, Stephanie Lambros, and Alexandra Moore.
Members from DLA Piper’s international team also supported the deal, including lawyers in Dubai: Ramsey Jurdi and Laura Shingler; and from Canada: Robert Fonn and Joseph Soifer.
From South Africa: Peter Bradshaw and Danielle Robbertze; and from the UK: Chris Arnold, Sam Szlezinger, Martin Strom, and Sherrine Hashish.
From the US: Kevin Criddle and Bernadette Senyana; from Hong Kong: Tina Xia; and from China: Margaret Tan.
Micromine Group is a global leader in design and operational solutions for the mining industry, servicing more than 90 countries via operations in 10 jurisdictions. The share sale and purchase agreement was signed on 27 July 2022.
Aspen Technology’s proposed acquisition of the company will see it secure technology that will assist in the mining industry’s overall sustainability and its ability to increase the supply of metals required for the transition to renewable energy.
Mr Koch, head of corporate at DLA Piper Australia, commented: “We were thrilled to advise AspenTech on this strategic acquisition as the AspenTech group continues to expand its global offering of asset optimisation solutions for the mining industry.
“The global nature of the target business, coupled with the hotly contested sale process and compressed transaction timeline, necessitated seamless legal support.
“DLA Piper was able to mobilise a team of more than 50 DLA Piper lawyers spanning eight jurisdictions, to deliver seamless cross-border transaction advice and a comprehensive multi-jurisdictional legal review across all relevant practice areas, including global sanctions, and assist AspenTech in delivering its compelling bid.
“This transaction really highlighted the benefits of working with a truly global firm on multi-jurisdictional transactions of this kind.”