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
Senior Government Lawyer
Category: Other | Location: Canberra ACT 2600
· FINANCE LEGAL AND GOVERNANCE GROUP | CANBERRA, ACT · EXECUTIVE LEVEL 1 (ONGOING)
View details
Corrs advises in Gresham Private Equity swoop

Corrs advises in Gresham Private Equity swoop

Corrs Chambers Westgarth has advised Gresham Private Equity Limited (Gresham) on its $200 million acquisition of five logistics businesses. The private equity deal required the consolidation of…

Corrs Chambers Westgarth has advised Gresham Private Equity Limited (Gresham) on its $200 million acquisition of five logistics businesses. The private equity deal required the consolidation of five independent businesses in Melbourne and Perth, which will now be known as Silk Logistics Group.

Corrs co-ordinated the sale processes (including co-ordinating other advisors), drafted and settled contracts and negotiated five separate contracts simultaneously. Corrs also prepared and advised on the shareholders’ agreement between the reinvesting vendors and Gresham Private Equity for the acquiring vehicle.

Richard Lewis and Jon Cane led the Corrs deal team, which included Shawn Wytenburg, Stuart Barnard, Desiree Baldacchino, Megan Dreyer, Rebecca Strom, Alison Henry, Ruth Nocka and Melissa Brunning.

Deal leader Neil Sutton, Gresham Private Equity’s investment director, said the deal demonstrated that mid-market transactions could be completed successfully even though the credit crunch has created a tough market for private equity firms looking to access debt funding.

Sutton said professional and commercial advisors were critical to finding a successful path through such a complex transaction. “Corrs showed tremendous resourcefulness in advising Gresham on this most complex of deals and we are very pleased with their project management,” he said.

The deal was completed on 30 April 2008 and is the final investment platform by Gresham Private Equity Fund No. 2, established in 2004 with capital commitments of $325 million. Corrs also acted for Gresham on the debt financing of the deal and its acquisition of Australian Pacific Paper Products, another asset of this fund’s portfolio.

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

Corrs advises in Gresham Private Equity swoop
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
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 & ...