Firms: Arnold Bloch Liebler (Techdrill Services), McCullough Robertson (Rockdrilling Australia), Middletons (Harbert Australia Private Equity)
Deal: Harbert acquires newly merged Techdrill Civil & Mining Services (TCMS), a diversified mining and infrastructure services group.
Key players: Partner Michael Dodge and senior associate, Clint Harding, and law graduate, Jing Chang led the ABL team. John Mann led the Middletons team.
Deal significance: "Harbert acquired 45 per cent of TCMS, giving the company access to capital to continue to grow in the mining and infrastructure markets. The transaction involved a full due diligence investigation and the preparation, negotiation and execution of a full set of transaction documents," said Mann. TCMS was formed in December 2011 from the merger of Techdrill and Rock Drilling Australia. Techdrill is an established drilling contractor and provides mobile Greenfield and Brownfield drilling services to a large number of resource exploration companies in eastern Australia.
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