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
Oil producer undertakes multi-billion dollar capital raising

Oil producer undertakes multi-billion dollar capital raising


A large oil and gas producer in the Asia-Pacific region has raised capital through a rights issue.

Firms: King & Wood Mallesons (joint lead managers, Hony Capital, Mitsui E&P Australia); Herbert Smith Freehills (Santos Limited); Skadden, Arps, Slate, Meagher & Flom LLP (joint lead managers)

Deal: Santos was involved in a capital raising initiative.

Value: $3.5 billion

Area: M&A

Key players: The KWM team advised on three distinct initiatives; a new equity raising, private placement and sale stake.

One KWM team was led by M&A partner Shannon Finch, who was supported by senior associates Amanda Isouard and Hoda Nahlous and solicitor Robert Garritano.

This team advised the joint lead managers (Citigroup Global Markets Australia Pty Limited, Deutsche Bank AG, Sydney Branch and UBS AG, Australia Branch) on a $2.5 billion offer. 

Partner Shaun McRobert also led a team of lawyers across Perth, Singapore and China advising an affiliate of China-based international private equity firm, Hony Capital on their $500m investment in Santos via a private placement.

Partner Rob Edel and special counsel Ian Gordon led a team across Perth and Melbourne advising Mitsui E&P Australia on its purchase of a 35 per cent stake in the Kipper gas field for $520m.

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 significance: Oil and gas producer Santos Limited has made a pro rata accelerated renounceable entitlement offer (with retail rights trading) (PAITREO) of new ordinary shares to existing shareholders valued at $2.5 billion. Taking into account Santos' deals with Hony Capital and Mitsui E&P Australia, this brings the total value of the transaction to $3.5 billion.

Oil producer undertakes multi-billion dollar capital raising
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
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 & ...