Firms: Johnson Winter & Slattery (The Cline Group); US firm Bailey Glasser and Canadan firm Cox & Palmer (The Cline Group); Hardy Bowen (Coalspur); Allens (EIG); Wright Legal (Borrowdale)
Deal: The Cline Group acquired all of the shares in dual-listed Coalspur Mines by way of scheme of arrangement.
Value: A$140 million.
Key players: JWS M&A partner Marko Komadina (pictured) led the deal with assistance from JWS’s finance and energy teams, led by partners Matthew Allchurch and Peter Smith respectively.
According to a report by JWS, complexities to the transactions included their partial interconditionality and cross-border issues arising from Coalspur’s status as an Australian company dual-listed on the ASX and the Toronto Stock Exchange with its major asset (the Vista coal project) located in Canada.
Conditions addressed Canadian competition law issues, the renegotiation of several third-party agreements in Canada, the extension of mining leases, and certain other mining and environmental approvals.
The debt acquisitions completed on 29 April while the scheme of arrangement was implemented on 25 June.
Like this story? Read more: