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
Tetra Tech launches Coffey takeover

Tetra Tech launches Coffey takeover

John Elliott

Two firms have acted on a takeover bid by US-based Tetra Tech of Australian engineering firm Coffey International.

Firm: Norton Rose Fulbright (Coffey International); Thomson Geer (Tetra Tech)

Deal: Tetra Tech will make an off-market offer for 100 per cent of Coffey International shares on issue.

Value: $109m

Area: M&A

Key players: The Norton Rose Fulbright team comprised partner John Elliott, special counsel Ebony Keenan-Dunn and lawyer Lucinda Browne, with the assistance of Washington-based partner Dan Wellington. Thomson Geer's team was headed up by partner David Ziwi, along with senior associate Helen Jin and lawyer Johan Pietersz.

Deal significance: Coffey International – Australia’s first geotechnical engineering firm – comprises around 3,300 staff globally.

According to a statement from Coffey International, Tetra Tech has offered 42.5 cents per share, a premium of 130 per cent on Coffey International’s last closing price on 14 October.

Tetra Tech said the acquisition of Coffey will expand its geographic presence, according to a statement from Thomson Geer. The company currently supports the U.S. Agency for International Development, Australia’s Department for Foreign Affairs and Trade, and the United Kingdom’s Department for International Development.

The offer was also welcomed by Coffey International chairman John Mulcahy.

“On all indications available to us, it represents superior value to what we can foresee, over a realistic time frame, from continuing as a standalone business,” he said.

“While this is a valuable opportunity for shareholders, it is also very beneficial for the highly talented Coffey team of employees, who should see enhanced career opportunities as part of a combined Tetra Tech and Coffey global business.”

Norton Rose Fulbright partner John Elliott suggested Australia was experiencing a surge of interest in current and proposed infrastructure projects.

“It is no surprise then that a US company such as Tetra Tech is taking steps to strengthen its position in the Asia-Pacific with the acquisition of Coffey International,” he said.

Coffey International's other adviser on the deal was Gresham Partners.

Note: This article was updated with additional information.

Like this story? Subscribe to our free newsletter and receive Lawyers Weekly every day straight to your inbox.

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

Tetra Tech launches Coffey takeover
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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 & ...