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
Tyre kicking pumps deals count

Tyre kicking pumps deals count

NOT SO QUIET: Mallesons' Stuart Fuller Mergers & acquisitions have steadily dropped off the Lawyers Weekly deals

NOT SO QUIET: Mallesons' Stuart Fuller

Mergers & acquisitions have steadily dropped off the Lawyers Weekly deals table in recent months, but that doesn't mean all is quiet on the M&A front.

Mallesons Stephen Jaques managing partner (practice) Stuart Fuller told Lawyers Weekly not to be fooled by the low announced deals count, assuring us that there still plenty of action going on behind the scenes.

"Big firms get a lot of a share of those big deals, but there's been a lot of private M&A work that gets done at the next level that gets very little visibility in the market," he said.

"There's been a lot of tyre kicking going on by lot of our good clients who have strong balance sheets looking to take advantage of opportunities in the market," he said.

If that has you imagining corporate hotshots kicking the air out of their competitors' Mercedes Benz on George Street, then you're actually close to the mark. Tyre kicking involves businesses looking to take advantage of opportunities created by companies under stress such as Allco, Babcock & Brown and ABC Learning.

"There's a lot of deals where clients are looking to realise cash through asset sales and we're fortunate to have a very strong institutional client base, that's still got the wherewithal to look at buying assets or other businesses," Fuller said.

These opportunistic deals are, by their very definition, spur of the moment, and the completion rate can be difficult for observers to track, he said.

"Deals come on and disappear very quickly these days, and then what you've seen is a lot of activity in the last couple of months in the equity capital market space, [namely] those very fast equity raisings that particularly the large banks and some of the large corporates did in the last quarter last year."

"We've also been very heavily involved in the government-guaranteed bond issuing market, and that hits both our M&A and our banking group and the trend has continued through January. M&A continues to be strong and is above budget nationally," Fuller said.

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

Tyre kicking pumps deals count
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
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 & ...