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
Firms close major media deal

Firms close major media deal

Four firms have acted on the first major media deal of the year which saw the $4.1 billion sale of Kohlberg Kravis Roberts & Co's (KKR) stake of Seven Media Group to West Australian…

Four firms have acted on the first major media deal of the year which saw the $4.1 billion sale of Kohlberg Kravis Roberts & Co's (KKR) stake of Seven Media Group to West Australian Newspapers Holdings (WAN).

WAN was advised by Allens Arthur Robinson, Baker & McKenzie acted for KKR, Freehills acted for Seven Media Group and Mallesons Stephen Jaques acted for underwriters JP Morgan and UBS.

Baker's Mark McNamara, a partner in the firm's Sydney office and head of the global private equity practice, led the transaction with the assistance of partners Julie Hutton, David Holland and Tim Sherman, and senior associate Alex Elser.

Speaking about the transaction, McNamara said: "We advised KKR on the initial acquisition of the stake in SMG and have acted for them for a number of years. We are very pleased to advise on this very significant transaction for our client."

The Mallesons team was led by M&A partners Evie Bruce, Nigel Hunt and Daniel Kirk. They were assisted by senior associates Jonathan Grant and Alexei Fedotov, and solicitor Laura Steinke.

"The structure of the capital raising was very complicated, involving three separate offers: an accelerated entitlement offer of convertible loan securities, a public offer of WAN ordinary shares and a sell-down of SGH's existing 24.3 per cent interest in WAN. A number of interesting legal and regulatory issues arose from the interdependencies between the components of the capital raising," said Bruce.

WAN raised $1 billion to help fund the sale.

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

Firms close major media deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
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...
Dec 14 2017
Punishing offenders twice pointless, politicians warned
The president of the Law Society of NSW has warned legislators from other states about adopting cont...
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 & ...