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
Ironbridge retains 10 per cent shareholding in Eclipx

Ironbridge retains 10 per cent shareholding in Eclipx

Ironbridge Funds has reduced its investment in fleet management and car financing group Eclipx, with the successful execution of a 38 million share block trade.

Firms: Clayton Utz (Ironbridge Capital Management)

Deal: Ironbridge Funds has executed the block trade of 38 million shares held in Eclipx Group Ltd to UBS.

Value: More than $120 million

Area: Banking and finance

Key players: Clayton Utz corporate/private equity partners Niro Ananda (pictured) and David Stammers led the team advising selling shareholder Ironbridge Funds, with assistance from senior associate Kounny Rattley.

Deal significance: Eclipx is a fleet management and car financing group, of which private equity firm Ironbridge Capital Management (Ironbridge Funds) executed the block trade of a portion of its share stake. According to the AFR, Ironbridge Funds has retained a 10 per cent shareholding in Eclipx.

The successful block trade saw UBS purchase the 38 million shares from Ironbridge Funds for over $120 million.

Clayton Utz advised Ironbridge Funds on the execution of the block trade. In a statement released by the firm, the deal adds to the track record of Clayton Utz’s private equity team, which has acted on a number of block trades for private equity investors over the years who have exited investments in ASX-listed companies.


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

Ironbridge retains 10 per cent shareholding in Eclipx
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 & ...