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
Rockwell Bates lead counsel on $61m deal

Rockwell Bates lead counsel on $61m deal

A boutique Australian firm has confirmed it worked on the sale of IT services company UXC Limited's Field Solutions Group to Cashel House for $61 million. _x000D_

A boutique Australian firm has confirmed it worked on the sale of IT services company UXC Limited's Field Solutions Group to Cashel House for $61 million. 

The purchasing entity was Utility Services Group, represented by Rockwell Bates legal team. Managing principal Adam Levine led the legal team, assisted by the law firm's newly appointed principal Brett Burns, senior associates Diana Pelosi and Georgina Parisis and associate Michelle Anglin.

UXC Limited is one of the largest Australian owned ICT consultancy firms and utility asset management firms. It’s Field Solutions Group division provides outsourced infrastructure and end-to-end services to utilties and Governments. 

The financing of the deal was structured as a senior lender and mezzanine lender intercreditor arrangement. The size, volume of contractors and cross border issues involved made this a landmark deal in the utilities services arena, the law firm said.

Baker and McKenzie’s James Halliday and Jennifer Wu acted for UXC Limited, Middletons Adam Howell and Sarah Howarth acted for the senior lender and Mallesons Stephen Jaques’ Will Stawell and Audrey Wang and for the mezzanine lender.

Rockwell Bates' Levine said the transaction was a challenging one to work on. “It involved the divestment of one of Australia’s largest utility asset management firms. 

"Coordinating dozens of material contracts and employees on a national basis as well as two levels of finance meant coordination between several legal, banking/financing and taxation teams to structure the transaction in the most cost effective manner. The successful completion of this transaction and the thriving nature of the FSG business is seen as a win for all involved," he 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

Rockwell Bates lead counsel on $61m deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
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 & ...