find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Trio of firms advise on private hire

Trio of firms advise on private hire

GILBERT + TOBIN, Freehills and Allens Arthur Robinson are advising on one of the largest merger deals in Australia involving private equity.Under a propo

GILBERT + TOBIN, Freehills and Allens Arthur Robinson are advising on one of the largest merger deals in Australia involving private equity.

Under a proposed scheme of arrangement, joint venture partners The Carlyle Group and National Hire have bid $3 billion for Coates Group’s rental operations.

Gilbert + Tobin is advising private equity firm The Carlyle Group, Freehills is advising National Hire, and Allens is advising Coates.

“The merged entity would be the largest created by a private equity sponsored public-to-private transaction in Australia to date,” said Gilbert + Tobin’s lead partner on the deal, Bryan Pointon.

“It would also be the first example of private equity joint venturing with strategic partners in the industrial sector, and the first significant private equity acquisition in Australia since concerns arose out of the US subprime mortgage market.”

Freehills’ team was led by Mark Crean, Rebecca Maslen-Stannage and Kristin Stammer. Allens’ team was led by partners Stuart McCulloch, Alex Ding and Tom Story.

The deal would see Coates’ rental operations merge with National Hire’s rental businesses under the Ned Operations Group. Coates’ independent board committee signed a scheme agreement earlier this month totalling $6.97 per share, including franking credits, after rejecting previous offers from the joint venture partners.

“The continuation of current operations, pursuit of value enhancing strategies and implementation of strategic initiatives we announced last month was a realistic plan to deliver growth into the future,” said Coates’ chairman, Bill Cutbush.

A general meeting of Coates’ shareholders to vote on the deal is expected to be held in December.

As well as Pointon, the Gilbert + Tobin team was led by Charles Bogle, assisted by Hiroshi Narushima and Timothy Perry. Gary Lawler, Gina Cass-Gottlieb, Nick Taylor, Rachel Launders and David Watkins worked on aspects of the transaction.

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

Trio of firms advise on private hire
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
Dec 14 2017
Punishing offenders twice pointless, politicians warned
The president of the Law Society of NSW has warned legislators from other states about adopting cont...
Dec 13 2017
Young humanitarian lawyer California-bound
A young Australian lawyer will be travelling to the US next year for a prestigious nine-month study ...
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 & ...