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
Southern Cross plugs into east coast

Southern Cross plugs into east coast

Richard Fogl

Perth-based electrical infrastructure company Southern Cross Electrical Engineering Limited has acquired Heyday5 Pty Ltd.

Firms: Norton Rose Fulbright (Heyday5 Pty Ltd); K&L Gates (Southern Cross Electrical Engineering Limited)

Deal: Southern Cross Electrical Engineering Limited (SCEE) acquired Heyday5 Pty Ltd.

Value: $54 million

Area: M&A, infrastructure

Key players: The Norton Rose Fulbright team advising Heyday5 was led by partner Richard Fogl, with support from senior associate Matthew Nelson and associates Mariam Jacob and Alice Winter-Irving.

The K&L Gates team advising SCEE was led by partner Adam Levine. Senior associate Natasha Augustin and lawyer Callum Fleming assisted.

Deal significance: SCEE is a Perth-headquartered company that specialises in electrical, instrumentation, communication and maintenance services.

Heyday5 is another electrical contractor, which is based in Sydney and has a strong presence in the east coast commercial and infrastructure markets.

“Heyday5 has achieved strong growth in the current financial year, with budgeted full-year revenue of $152 million and EBIT of $9.8 million,” according to a statement from Norton Rose Fulbright.

“The combined group will have a diversified portfolio of projects across Australia and an order book of over $300 million.”

It has been reported that the acquisition is expected to help SCEE recover from a net loss in the first half of the 2016-17 financial year.

“SCEE have described the transaction as a transformational acquisition which will deliver enhanced diversification, with Heyday5’s east coast market exposure highly complementary to SCEE’s existing business mix of resources, industrial and telecommunications,” according to Norton Rose Fulbright.

Heyday5 has retained its owners and management under SCEE ownership. Heyday5 executive director David Hammond has joined the SCEE board as an executive director.

“This is an important step in the evolution of Heyday5 and a great result for its highly experienced executive team,” said Norton Rose Fulbright partner Richard Fogl.

“We are pleased to have advised on the legal aspects of the transaction, including its negotiation.”

 

Pictured left to right: Norton Rose Fulbright Partner Richard Fogl and K&L Gates partner Adam Levine.

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

Southern Cross plugs into east coast
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
protest
06:05
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
06:04
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Warning
06:03
Lawyers warn against mandatory sentencing measures amid political jeers
Mandatory sentencing has become a topic for politicians on both sides of Federal Parliament to jostl...
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 & ...