find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details
Ironbridge Capital stokes up the barbie

Ironbridge Capital stokes up the barbie

The first instance of an Australian private equity firm completing a public-to-private transaction on a NASDAQ-listed company saw Ironbridge Capital purchase specialty retailer Barbeques Galore,…

The first instance of an Australian private equity firm completing a public-to-private transaction on a NASDAQ-listed company saw Ironbridge Capital purchase specialty retailer Barbeques Galore, by way of a scheme of arrangement. Combined funding on the deal was approximately $110 million.

Clayton Utzs Michael Riches advised Ironbridge Capital on the debt aspects of the transaction, and Baker & McKenzies Mark McNamara worked on the acquisition documents. Minter Ellisons John Mosley acted for the Commonwealth Bank of Australia (CBA), which provided the debt finance packages through its Sydney and New York offices, and Freehills acted for Barbeques Galore.

Barbeques Galore, which operates more than 165 retail and licensed stores across Australia and the US and generates some $300 million in sales annually, with 50 per cent of that revenue coming from the US market, has now de-listed from the NASDAQ Exchange.

Minter Ellison’s Mosley said although the transaction was unique, the fact that an Australian private equity firm was acquiring a NASDAQ-listed company did not add to its legal complexity. “[Barbeques Galore] is still an Australian company and it still gets acquired under the same scheme of arrangement provisions,” he said. However, everyone involved in the transaction was required to have an American counterpart to work with them.

The role of Minter Ellison was to negotiate the loans document package for the CBA, which was complicated by the fact that the Bank funded the acquisition from both its Sydney and New York branches.

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

Ironbridge Capital stokes up the barbie
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Violence
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Nov 16 2017
From lawyer in law firm to senior governance professional
Promoted by Governance Institute of Australia As a law graduate, Kate Griffiths never imagined...
marriage equality
Nov 16 2017
Legislation the next hurdle for marriage equality
Lawyers have underscored the importance of ensuring same-sex marriage legislation does not limit ant...
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 & ...