find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Senior family lawyer - Melbourne
Category: Family Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Outstanding national firm · High-calibre family law team
View details
Allens’ 49 billion dollar man

Allens’ 49 billion dollar man

EWEN CROUCH of Allens Arthur Robinson is currently the lead partner on three of the five biggest deals Australia has ever seen, leading the firm to describe him as the “49 billion dollar…

EWEN CROUCH of Allens Arthur Robinson is currently the lead partner on three of the five biggest deals Australia has ever seen, leading the firm to describe him as the “49 billion dollar man”.

The current co-head of the mergers and acquisitions team at Allens, Crouch is leading the firm’s advice to clients involved in the first, second and fifth largest deals in the country’s history.

“I started working in September last year for Cemex in relation to its bid for Rinker, then in November was retained by Qantas, and more recently we were retained by Wesfarmers to act on the proposal that it’s putting for Coles,” Crouch said.

“To have the three things get into the public arena and be active at the same time is quite remarkable really.”

Describing his approach to juggling so many giant deals as both intense and focused, Crouch said he was a little embarrassed by the 49 billion dollar man title given the contribution made by his team.

“It’s never really happened before but it’s quite extraordinary that there should be a confluence of three of the biggest transactions Australia has ever seen all happening at once,” he said. “I’m lucky to have a fantastic team of people. We couldn’t do it without a great team, both broad and deep in terms of number and talent.”

Asked whether these concurrently occurring deals are a sign of things to come, or mere coincidence, Crouch said the strong market should continue in the short term, although he had had no expectation by mid-2006 that it would be as active as it is now.

“We do have a very buoyant economy and we have some very strongly performing companies that are looking for investment and expansion opportunities,” Crouch said.

“We are also going through really quite a sea change in the way in which the investment markets look for returns in the future, and that is meaning that corporates who are buyers for strategic reasons and private equity are competing for deals.

“In that investment climate, one can be fairly confident that there is a good period of time to run with this level of activity. But one doesn’t want to get ahead of oneself.”

Despite whatever lies ahead in the market, Crouch said there was no doubting Allens’ satisfaction with the M&A deals it has been involved with lately.

“We are absolutely thrilled with the support that our clients are providing to us, and to be chosen by companies as prestigious as Cemex, Qantas and Wesfarmers to undertake their major transactions is really a great honour,” he said.

“It’s terrific for the firm that the talent of the team can be recognised in that way and we are really grateful for those opportunities.”

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

Allens’ 49 billion dollar man
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Warning
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
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 & ...