find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Billion-dollar merger underway

Billion-dollar merger underway

Rebecca Maslen-Stannge

Two firms have advised on the impending billion-dollar merger of APN Outdoor Group Limited and oOh!media.

Firms: Gilbert + Tobin (APN Outdoor Group Limited); Herbert Smith Freehills (oOh!media)

Deal: APN Outdoor Group Limited and oOh!media have announced they have entered into a scheme of arrangement to merge on or around April 2017.

Value: $1.6 billion

Area: M&A

Key players: The legal team advising APN Outdoor Group Limited was led by Gilbert + Tobin partners Peter Cook, Rachael Bassil and Gina Cass-Gottlieb, with assistance from special counsel Jennifer Barron and lawyers Alastair Corrigall, Olivia Blakiston and Madeleine Brett-Williams.

The legal team advising oOh!media was led by Herbert Smith Freehills partners Rebecca Maslen-Stannage (pictured below), Mark Currell, Liza Carver and Michael Gonski, with assistance from senior associates Malika Chandrasegaran and Lauren Selby, solicitors Calvin Shaw, Rommo Pandit, Claire Koller-Smith, Timothy Gonski and Joshua Santilli, and graduate lawyers Alice Gardoll and Hilary Starr.

oOh!media general counsel and company secretary Kate Eastoe acted in the deal as an internal legal adviser.

Deal significance: The merger combines two out-of-home media companies with complementary long-term assets across classic, digital and online platforms, including a large portfolio of digital assets.

The merged group will have an enhanced geographic presence across Australia and New Zealand, with 8,985 digital and 63,200 classic screens and panels across metropolitan and regional locations.

The two companies will merge via an all-scrip scheme of arrangement, to be implemented on or around April 2017, with oOh!media shareholders to receive 0.83 APN Outdoor shares for each oOh!media share held.

“We love working with the oOh!media team. They apply in the deal context the same energy that has led to the growth of their business. It’s fun and inspiring to work with such an engaged and dynamic team,” said Herbert Smith Freehills partner Rebecca Maslen-Stannge.

Gilbert + Tobin partner Rachael Bassil said the G+T team had been very active in M&A transactions throughout 2016, and this transaction further cemented the firm’s market-leading position.

“We are very pleased to have acted for APN Outdoor on this significant transaction and to continue on their successful journey since IPO,” she said.

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

Billion-dollar merger underway
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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 & ...