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
Firm advises on acquisition of WA natural gas pipeline

Firm advises on acquisition of WA natural gas pipeline

Allens has advised an investment holdings group on a $205 million acquisition of interest in the Dampier to Bunbury Natural Gas Pipeline (DBP).

Firms: Allens (DUET Investment holdings Limited); Minter Ellison (Alcoa of Australia)

Deal: Global firm Allens has advised DUET Investment holdings Limited in a deal with Alcoa of Australia to acquire its 20 per cent stake in the DBP. The firm also advised on $230 million capital raising to fund the project, including a fully underwritten $200 million placement and a $30 million stapled security purchase plan.

Value: $205 million

Area: M&A/Banking and finance

Key players: Allens corporate partner Marc Kemp (pictured) led the team advising on the deal, with senior overseas practitioner James Kanabar, lawyer Patrick Boyle and graduate Antonia Ross from Sydney and resources and infrastructure partner Mark McAleer from Perth.

Deal significance: The deal gives DUET complete ownership of a major piece of Australia’s energy infrastructure. Following the acquisition, the company’s aggregate ownership of DBP has increased from 80 to 100 per cent.

DUET CEO David Bartholomew said the acquisition further simplifies the company’s group structure.

“We would like to thank Alcoa for their contribution to the management of DBP’s operations during their period of ownership and we look forward to maintaining our close relationship for many years to come,” Mr Bartholomew said.  

Marc Kemp, the lead partner advising on the deal, said Allens was “delighted to have worked with an important client on an acquisition”.  

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

Firm advises on acquisition of WA natural gas pipeline
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, ALA, right-to-die law
‘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...
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 & ...