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
Last of the lone printers goes to private equity

Last of the lone printers goes to private equity

MINTER ELLISON and Mallesons Stephen Jaques worked on one of the last takeovers of a major independent printing company in Australia.Subsidiaries on S

MINTER ELLISON and Mallesons Stephen Jaques worked on one of the last takeovers of a major independent printing company in Australia.

Subsidiaries on Sirius NZ Holdco Ltd, which is controlled by CHAMP Private Equity, bought the privately owned McMillan Printing Group, comprising McMillan Print in Sydney and Pirion Printing in Canberra.

Sirius NZ Holdco is the parent company of Blue Star Print Group Ltd, New Zealand’s largest print provider, and a major print and related services provider in Australia.

Mallesons Stephen Jaques’ Michael Barker advised Blue Star.

Lead partner from Minter Ellison, Fraser Henderson, said following this deal, virtually all independent printing operations in Australia were now ultimately controlled by private equity firms.

He said the Geon Group was to an extent independent, but it was also majority backed by Gresham Private Equity.

Blue Star also bought Sydney-based Merritt Madden in November 2004, Melbourne-based Print In Vision in July 2006 and National Capital Printing in Canberra in June this year.

The CEO of Blue Star, Geoff Selig, said the company would “continue to seek further complementary acquisition opportunities” with the support of CHAMP.

Henderson said sales of family owned organisations are often sensitive, but the transaction was helped by the fact that Michael Barker was formerly a lawyer at Minters.

“Deals involving family businesses always have their own special dynamic. I think the lawyers’ and advisers’ roles included trying to assist the process to efficiently and effectively overcome those points of potential tension,” he said.

“Vendors try to overvalue businesses and purchasers try to undervalue them. I think we managed that for our client, and obviously Mallesons [did the same] on the other side.”

Others involved in the deal at Minters included IP/IT partner Charles Alexander, HR and IR special counsel Gordon Williams, and real estate partner David McElhone.

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

Last of the lone printers goes to private equity
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
06:03
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
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...
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 & ...