find the latest legal job
Monash University Director Workplace Relations
Category: Industrial Relations and Employment Law | Location: All Melbourne VIC
· Exceptional senior leadership role
View details
Personal Injury Lawyer - Melbourne Eastern Suburbs - 2-5 years PAE
Category: Personal Injury Law | Location: Lilydale VIC 3140
· Fulfilling role as part of a small team in a positive workplace
View details
Legal Counsel
Category: Banking and Finance Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· In-house opportunity · Be part of our engine for success in a high growth business
View details
Trainer/Assessor Diploma of Legal Services
Category: Other | Location: Liverpool NSW 2170
· 3 Days Per Week · 9am - 4pm
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
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.

Promoted content
Recommended by Spike Native Network