find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Real Estate & Projects Lawyer (6+ years PAE)
Category: Property Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier firm with offices nationally · High profile clients
View details
Blakes works on healthy transaction

Blakes works on healthy transaction

Blake Dawson Waldron (BDW) was Ramsay Health Care’s primary legal adviser on the company’s recent $1.4 billion acquisition of Affinity Health. The takeover will make Ramsay Australia’s largest…

Blake Dawson Waldron (BDW) was Ramsay Health Care’s primary legal adviser on the company’s recent $1.4 billion acquisition of Affinity Health. The takeover will make Ramsay Australia’s largest private hospital operator.

BDW completed all major legal work for Ramsay (except the bank debt financing work) including two prospectuses — one entitlement offer and one hybrid security offer — within a month.

Ramsay acquired Affinity’s 48 hospitals in Australia and three in Indonesia, giving it a total of 74 private hospitals (assuming the divestment of 14 hospitals as proposed), five aged care facilities, one day procedure centre and approximately 8,100 hospital beds.

The company funded the acquisition with a placement, an ordinary share entitlement offer, a hybrid raising of convertible adjustable rate equity securities and senior bank debt.

Bill Koeck, joint practice head M&A, led the BDW team and managed the acquisition “work streams”.

“The acquisition involved some complicated Australian Competition and Consumer Commission issues and was run under considerable time constraints having been launched and completed within a month,” Koeck said.

Mark Stanbridge led the acquisition work stream, assisted by Michael Beaumont, James Mayne, Barbara Phair and Clare Fawcett. Sarah Dulhunty and Bruce Macdonald led the capital raising work stream, which included Tim Glenn, Chris Greiner, Donald Magarey, Dennis Scott, Michael Vardanega, Emily Cheung, Corey McHattan, Jonathan Scott, Rebecca McGloughlin, Jodie Burger, Melissa Hetherington and Andrew Hilton.

Peter Armitage led the competition law work stream, which included Richard Westmoreland and Ross Zaurrini.

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

Blakes works on healthy transaction
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
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 & ...