Minter Ellison has advised the NSW Government on the restructuring of rail infrastructure in the state. On 5 September, Australian Rail Track Corporation (ARTC) entered into a 60-year lease of the NSW Interstate and Hunter Valley rail freight network and commenced operating the network. Under the terms of the lease, Commonwealth-owned ARTC will invest more than $818 million in NSW rail infrastructure. Minter Ellison’s team was led by Canberra partner Neal Parkinson.
Middletons recently acted for property syndicate Swelbet Pty Ltd in the $65 million sale of Defence Plaza, Bourke Street, Melbourne. Swelbet is led by Danny Goldberg, Greg Shand and Matt Davison and associated with the Sydney-based Dakota Corporation. The firm said the sale involved the transfer of the fully tenanted, 12-level CBD property on behalf of the vendor. The Middletons team comprised property partner Des Dodds, commercial partner, John Hogan, and solicitor Jacqueline Cameron.
Paul, Weiss, Rifkind, Wharton & Garrison represented TCL Communications Technology Holdings in its acquisition of Alcatel’s mobile handset research & development, manufacture and distribution business. The joint venture company established to carry out the acquisition is owned 55 per cent by TCL Communications Technology Holdings Ltd. and 45 per cent by Alcatel.
Phillips Fox advised Barclays Bank plc on the Australian aspects of the bank’s arrangement and provision of senior and mezzanine debt funding for the $380 million leveraged buyout of the UK-Based Survitec Group by Montagu Private Equity. The Survitec Group designs, manufactures, distributes and services safety and survival equipment. Finance senior associate Ben Burney led the Phillips Fox team assisted by finance senior associate Adam Fuller, finance partner David East and tax partner Peter Charteris.