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
K&L recognised for advising on award-winning deal

K&L recognised for advising on award-winning deal

K&L Gates’ role in an award-winning deal was acknowledged at an awards ceremony recently.

AVCAL, Australia's peak industry body for private equity and venture capital, held its annual awards ceremony on 19 September and awarded Harbert Australian Private Equity Fund with the Award for ‘Best Expansion Stage’ Deal of the Year for its investment in Emeis Holdings (Aēsop).

The Award also recognised K&L's role as legal advisor to Harbert and the exiting management shareholders.

Harbert invested in Aēsop in 2009 to assist in funding its continued growth. At the closing of the sale of the business in March 2013 to Natura Cosméticos, Harbert made a 4.9 times investment multiple and an internal rate of return of 66 per cent per annum for its investors, with further contingent proceeds expected.

Harbert's managing director Jeremy Steele commented in relation to K&L: “It's great to know that even in the private equity mid-market you can get world class advice”.

John Mann (pictured), private equity/M&A partner in K&L’s Melbourne office, and his team have acted for Harbert on multiple transactions since 2009, including Harbert's initial investment in Aēsop.

“It was a complex transaction involving a financially sophisticated earn out, comprehensive equity restructure, buy back of international distributors, warranty insurance and a sale to South American cosmetic giant Natura Cosméticos,” said Mann.

“The deal could not have been done without the close working relationship and long history our firm has enjoyed with Harbert.”

Mann added: “The team demonstrated its ability to work on complex cross-border private equity transactions and deliver market-leading advice and quality of service.” 

In addition to Mann, the K&L deal team included senior associates Nick Dahlstrom, Lauren Blecher and Caroline Carnegie.

Mann also recognised the contributions of other advisors involved in the transaction, including Goldman Sachs, PwC, Herbert Smith Freehills, Lazard, Corrs Chambers Westgarth and KPMG.

Established in Melbourne in 1987, Aēsop’s mission is to create a range of products for the skin, hair and body, using both plant-based and laboratory-made ingredients. Today, Aēsop sells more than 70 products and formulates and develops its own products.

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

K&L recognised for advising on award-winning deal
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 & ...