MINTER Ellison worked closely with the Dulux Group as the company embarked on a demerger with Orica.
Orica shareholders approved the demerger of the company’s consumer products division, which will see the creation of a new, stand-alone ASX-listed company, the DuluxGroup.
Freehills advised Orica on the deal, lead by partner Neil Pathak.
The $1 billion transaction, based on the likely price on listing, was lead by Minter Ellison partner Russell Miller, who worked closely with DuluxGroup general counsel, Simon Black.
Minter Ellison's team was led by Russell Miller AM, working closely with DuluxGroup general counsel, Simon Black.
Minter Ellison's corporate advisory team included partners Bart Oude-Vrielink, Alberto Colla and Richard Dammery.
Richard Murphy, a Minters partner, provided insurance advice, while partner Alan Kenworthy reviewed tax exit arrangements, and partner Tony Dhar reviewed superannuation changes.
Other team members included senior associates Carl Ruppin, Daniel Paolini and Richard Mann, and lawyer Dan Malouf.
The work on a possible demerger began in 2008, which Minters was first appointed, but was put on hold because of the economic conditions. Work was resumed earlier this year when stability returned to the domestic economy, Minters said.
“All demergers are complex transactions,” Minters’ Miller said, “but this one proceeded very smoothly. The key to a successful outcome is a shared commitment to a smooth demerger – one that separates the companies on a principled basis, recognising that separation arrangements must necessarily be negotiated at arm's length.”