Mallesons Stephen Jaques has acted for SCF Partners, a US-based private equity firm which focuses primarily on the oil and gas service sectors, on their acquisition of the Western Australian-based Nortrus business from Viburnum Funds.
The law firm also advised on the client's acquisition of the Vause Group, which operates in Australia and New Zealand.
NZ firm Russell McVeagh acted for SCF on the NZ parts of the deal. Norton Rose acted for Viburnum. NZ firm Auld Brewer Mazengarb & McEwen acted for the Vause Group.
The Vause Group is an oil and gas equipment and wireline service provider which operates in New Zealand and in Queensland, Australia. Nortrus, which trades as Surtron, provides logging and directional drilling services to the mining, minerals and coal seam gas sectors, and is based in the Western Australia.
The transaction means that the two businesses will now be part of the newly established Vautron Group, with enhanced operations spanning across Australia and New Zealand.
Under the deal, both Nortrus and the Vause Group will be owned by the newly created Vautron Group, which will be jointly managed by SCF Partners and Viburnum as majority shareholders.
The Mallesons team was led by M&A partner Lee Horan, who was supported by senior associates Ryan Thorne and Kate Lindner, solicitors Peggy Ching, Bianca Doja and Rod Aldus and law graduate Iris Eow.
Lee Horan said: "This was a very interesting and challenging transaction, involving complicated group restructuring and joint venture structure. It also requires extensive and high-level coordination with multiple parties across different jurisdictions to effect a smooth and successful completion. We are delighted to be involved in this significant deal for SCF."