find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Deal goes all White for Minters

Deal goes all White for Minters

A European private equity firm has acquired full control of Careers Australia Group.

Firms: Minter Ellison (White Cloud Capital Advisers); Herbert Smith Freehills (Independent Board Committee of Careers Australia Group)

Deal: European private equity firm White Cloud Capital Advisers has acquired full control of Careers Australia Group (CAG), the Queensland-based provider of vocational education and training

Area: Education & training/Private equity

Value: $61 million

Key players: Melbourne-based Minters partner Jeremy Blackshaw (pictured) led for his firm, assisted by senior associate Kate Koidl. Philippa Stone acted for HSF

Deal significance: White Cloud outbid rival Crescent Capital Partners for CAG. White Cloud’s final bid of 87 cents per share values the equity in CAG at $111 million. The bid has been recommended to shareholders by CAG’s independent board committee. Minority shareholders associated with a CAG competitor made two applications to the Takeovers Panel to prevent the White Cloud bid from proceeding. After considering the applications and submissions on behalf of White Cloud, the Panel refused to conduct proceedings on both occasions. Lead Minters partner Jeremy Blackshaw commented: “Despite current relatively subdued M&A activity, this transaction shows there is still active competition for good assets.” White Cloud, which manages funds for European, Indian and Asian family investment offices (including Amsterdam-based investor BXR Group), invests strategic growth capital in fast-growing companies primarily in Europe and the Asia-Pacific. Careers Australia provides training and education to more than 10,000 students a year, from 16 sites across Australia.

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

Deal goes all White for Minters
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jackie Rhodes
Dec 12 2017
Report sheds light on LGBTQI inclusion in law firms
A recent report has revealed the varying perceptions on LGBTQI diversity and inclusion in the Austra...
Women in business
Dec 12 2017
Annabel Crabb headlines Women in Business Forum
Political journalist Annabel Crabb has appeared at the Coleman Greig Lawyers Women in Business Forum...
Dec 11 2017
Warm welcome for new district court judges
Three practitioners who were appointed as district court judges in WA have been congratulated by ...
APPOINTMENTS
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'...
opinion
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...
Help
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 & ...