Allens Arthur Robinson (AAR) acted for the Macquarie Bank-led consortium in the $2.2 billion acquisition of the global business of Dyno Nobel Holding ASA, which was reported as Deal of the Week in last week’s Lawyers Weekly. Freehills acted for Orica Limited, which bought Dyno Nobel’s Latin American, Asian, European, Middle Eastern and African businesses from the consortium in a separate deal worth $900 million.
The Orica deal is subject to regulatory approvals being received, but the completion of the consortium’s acquisition of Dyno Nobel Holding is not conditional on the Orica sale. Many partners and lawyers from across AAR were involved in the deal, from practice areas including M&A, competition law, debt finance and equity finance practice groups.
Cameron Price, who led the AAR team on the deal said it was “complex, intensive and challenging”, and was the result of a lot of hard work and cooperation between the Macquarie and AAR teams.