find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Harbert hires Middletons for Aesop deal

Harbert hires Middletons for Aesop deal

Middletons has advised an international investment fund in its investment in Emeis Holdings, the owner of Aesop cosmetics.

MIDDLETONS has advised an international investment fund in its investment in Emeis Holdings, the owner of Aesop cosmetics. 

Harbert Australian Private Equity is investing in the owner of Aesop, a premium skincare and cosmetics brand operating across Australia, Asia and Europe, is gearing up to invest in a variety of asset classes to build a portfolio. 

Middletons’ lead partner, John Mann, described the deal “as a complicated private equity investment involving intricate equity and funding arrangements and the preparation of complex documents.”

The firm conducted an appropriate due diligence process on top of the preparation and negotiation of complex transaction documents on a highly sought-after investment, the firm said. 

Pressed as to the outlook in private equity in the upcoming year, Mann said: “2010 will no doubt see private equity take full advantage of the current environment.  

"A variety of opportunities exist for private equity funds that are looking to invest, such as Harbert who have the required skill and discipline to be cautious about their investment and selective in regard to opportunities.”

Mann also anticipates private equity to return to basics with smaller deals, as well as more upfront cash. 

"Years of copious fundraising in a bull market has given private equity houses more funds than ever to deploy. I do however believe there is no doubt that we will largely see smaller deals put on the table.” 

Mann said the equity markets have seen a trend in the out performance of companies exited by private equity as opposed to other models. 

While Australia’s private equity sector is less advanced than both UK and US counterparts, Mann said, we can expect to see a growth in the proportion of M&A activity being linked to private equity activity in the years to come.

Mann described Harbert as “methodical in their assessment process, which showed experience and, most of all, discipline". 

He said the firm worked closely with the investment teams to manage the due diligence

Middletons’ lead partner, Mann, was assisted by’ partner Craig Sanford on this transaction.

Harbert itself has grown considerably in recent years, with committed capital and assets under management growing from $1.5 billion in 2002 to approximately $2.6 billion as of 1 November, 2009. 

Harbert invests with a composition that strives to balance risk and return, Middletons said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Harbert hires Middletons for Aesop deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...