find the latest legal job
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Academic Dean and Head of School of the TC Beirne School of Law
Category: Other | Location: Brisbane QLD 4000
· An outstanding opportunity · Provide educational, research and organisational leadership
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Arncliffe NSW 2205
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: All Sydney NSW
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Sydney NSW 2000
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Clutz gets client’s house in order

Clutz gets client’s house in order

Andrew Hay Clayton Utz

Clayton Utz has advised a supplier of building fixtures and fittings on the divestment of two non-core assets, with Gadens and Ashurst acting for the Japanese-owned buyers.

Firms: Clayton Utz (GWA Group); Gadens (Rinnai Australia Pty Ltd); Ashurst (Noritz Australia)

Deal: ASX-listed GWA Group has made two strategic divestments of non-core assets, GWA Group’s Brivis climate systems and Dux hot water businesses, to Japanese-owned Rinnai Australia and Noritz Australia respectively.

Value: $95.2 million

Area: M&A

Key players: Clayton Utz corporate partner Andrew Hay (pictured) led the teams that advised on both transactions. Other team members who provided specialist input were partners Michael Corrigan (competition), Claire Smith (environment and planning), Mark Sammut (insurance and risk) and Ian Bloemendal (commercial litigation).

On the other side of the Brivis transaction, Gadens acted for Rinnai Australia, with Deloitte as financial adviser.

On the Dux deal, Ashurst (Japan) acted for Noritz Australia, with Nomura as financial adviser.

Deal significance: The sales, which were completed as part of competitive tender processes within two months of each other, were to Japanese-owned businesses. “This reflects the current strong level of inbound investment from Japan into Australia by entities that are seeking to expand in strategic growth areas and capitalise on the solid fundamentals of Australian businesses in key sectors,” said Mr Hay.

GWA Group is an Australian supplier of fixtures and fittings to households and commercial premises. Its portfolio of brands includes Caroma, Dorf, Fowler, Stylus, Clark, Austral Lock, Gainsborough, Gliderol and API Locksmiths.

Like this story? Read more:

Book commemorates diamond milestone for WA law society

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

Clutz gets client’s house in order
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Gavel, legal book, criminal lawyers
Jan 19 2018
Three criminal lawyers named NSW magistrates
The NSW Attorney-General has announced the appointment of three new local court magistrates. ...
Warning
Jan 18 2018
Lawyer highlights ‘unintended consequences’ on SSM estate planning
A succession lawyer has warned that the right for same-sex couples to legally marry could have a sub...
drug rehabilitation services available in rural and remote communities
Jan 18 2018
ALS survey shines spotlight on insufficient rehabilitation services
A new survey posted by the Aboriginal Legal Service (NSW/ACT) has revealed an alarming insight into ...
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 & ...