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
WA mine production company acquired

WA mine production company acquired

mining

Two firms have advised on the acquisition of a Western Australian drilling services business by a private equity fund manager.

Firms: Herbert Smith Freehills (Allegro Funds); Clayton Utz (JSW Australia)

Deal: Allegro Funds has purchased JSW Australia.

Value: Undisclosed

Area: M&A

Key players: The legal team advising Allegro Funds was led by Herbert Smith Freehills partners Mark Currell (pictured) and Mark Clifton, with assistance from senior associate Jacob Kahwaji and solicitor Anna Prell.

Deal significance: JSW is a mine production and specialist drilling services business, operating a fleet of 18 drill rigs.

The company has long-term relationships with customers in the mining, government and private enterprise sectors.

The acquisition of JSW was completed pursuant to a deed of company arrangement and required specialist expertise in a number of key areas, including mergers and acquisitions, restructuring and insolvency, according to HSF partner Mark Currell.

“In the distressed space, deals are completed at a rapid pace,” Mr Currell said.

“Closing this acquisition within the tightest of time frames is a testament to the efforts of the Allegro and Herbert Smith Freehills teams throughout the process.

“It has been a pleasure working with Allegro on this transaction.”

This is the second acquisition that Allegro Funds has made in 2016. In September, Herbert Smith Freehills also advised Allegro Funds on its acquisition of the master franchisee licence for Pizza Hut in Australia from US-based parent company Yum! Brands, the global owner of the Pizza Hut brand.

 

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

WA mine production company acquired
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, ALA, right-to-die law
Oct 24 2017
‘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
Oct 24 2017
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...
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
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 & ...