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
Gates opened to mining acquisition

Gates opened to mining acquisition

K&L Gates has acted for investment firm ADM, which, through one of its subsidiaries, has invested $US50 million in a subsidiary of Chengdu Tianqi Industry Group Co, to fund its acquisition of Australian lithium mining company Talison Lithium.


Firms: K&L Gates (ADM Capital as to Australia law); ZhongLun W&D (ADM Capital as to Hong Kong law); Allen & Overy (Credit Suisse); King & Wood Mallesons (equity funders); Allens (the borrower, Windfield Holdings, a subsidiary of the Tianqi Group)

Deal:  Hong Kong-based investment firm ADM, through its subsidiary Twenty Two Dragons, has invested $US50 million in a subsidiary of Chengdu Tianqi Industry Group Co (Tianqi), a Chinese lithium products manufacturer

Area: Banking & finance

Value: $US50 million

Key players: K&L Gates banking partner Richard Winter (pictured) led the Sydney team, along with corporate partner Rowan McDonald. They were assisted by senior associates Phil Hustler (banking) and William Dillon-Leetch (corporate)

Deal significance: The Twenty Two Dragons investment was part of a financing package to fund Tianqi’s acquisition of Australian lithium mining company Talison Lithium. In addition to Twenty Two Dragon’s investment, Tianqi received a commitment for long-term equity financing from Leader Investment Corporation, a subsidiary of Chinese sovereign wealth fund China Investment Corporation, and loan commitments from Credit Suisse and Industrial and Commercial Bank of China. K&L Gates’ lead partner Richard Winter commented: “The deal involved significant security and priority arrangement negotiations between K&L Gates and the representatives of the Leader Investment Corporation, the senior financier, Tianqi, and Talison Lithium and its Australian subsidiary.

“It was a complicated transaction which required lengthy discussions to achieve a desirable outcome for all parties.”

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

Gates opened to mining acquisition
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, ALA, right-to-die law
Oct 24 2017
‘Right-to-die’ laws would be a relief for terminally ill: ALA
The passage of an assisted dying bill through the lower house of Victorian Parliament has been haile...
Oct 24 2017
Diversity top of agenda for future WA Law Society president
The advancement of diversity in the Western Australian legal profession will be one of the key items...
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
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 & ...