Firms: Minter Ellison (Brookfield Australia Investments Limited); Henry Davis York (Johnson Controls)
Deal: Brookfield Asset Management Inc. and Johnson Controls have agreed to merge their Australian and New Zealand property and facility services operations to create Brookfield Johnson Controls
Area: Real estate, facilities and property management
Value: The merged entity will have annual revenue of approximately $250 million
Key players: Partner Callen O'Brien led for Minters, together with senior associate Glen Sauer and lawyer Jacqueline How. Scott Murray led the HDY team with Kate Gordon and Ben Farmer
Deal significance: The merged entity will combine the Australian operations of Brookfield Multiplex Services, which provides real estate, facilities and project management services to a range of large corporate and government occupiers, with the Australian and New Zealand business of Johnson Controls Global WorkPlace Solutions, a provider of facilities, corporate real estate and energy management services. It will manage more than 3.9 million square metres of property in more than 9200 locations around Australia and New Zealand.
The merger agreement between Brookfield Multiplex Services and Johnson Controls GWS in Australia and New Zealand is subject to customary conditions precedent and is expected to close before the end of the calendar year. Brookfield Johnson Controls is scheduled to begin operations from early 2013.
Like this story? Read more: