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G+T advise on PEP takeover

G+T advise on PEP takeover

Gilbert + Tobin has advised private equity firm Pacific Equity Partners (PEP) on a takeover bid for all shares in Energy Developments Limited (EDL), which has an enterprise value of…

Gilbert + Tobin has advised private equity firm Pacific Equity Partners (PEP) on a takeover bid for all shares in Energy Developments Limited (EDL), which has an enterprise value of approximately $850 million.

The corporate transactions team was led by partners Andrew Bullock, Gary Lawler, Bryan Pointon and Jason Lambeth, with the assistance of senior lawyers Hiroshi Narushima and Jade Droguett.

"We are really pleased to have assisted PEP on this transaction, particularly as un-recommended bids are not the customary acquisition path for financial sponsors," said Bullock in a statement released this week.

"We have been able to deploy a team comprising not only our private equity specialists but also our takeover, energy and finance specialists to work with PEP and its other advisers in what, in the circumstances, has been a very successful transaction".

The deal represents a continuation of the firm's ongoing involvement with PEP, particularly in matters involving the finance and private equity sectors.

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