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
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Blakes dominates Asia Pac in M&A

Blakes dominates Asia Pac in M&A

BLAKE DAWSON Waldron has asserted its dominance in the Asia-Pacific mergers and acquisitions (M&A) market, advising on 11 deals worth US$10.76 ($15.18) billion in the March quarter of 2006.…

BLAKE DAWSON Waldron has asserted its dominance in the Asia-Pacific mergers and acquisitions (M&A) market, advising on 11 deals worth US$10.76 ($15.18) billion in the March quarter of 2006.

This performance placed the firm at the top of preliminary M&A league tables for the Asia-Pacific (excluding Japan), in terms of the number of deals Blakes worked on. The firm also ranked second based on the value of those deals, just behind Davis Polk & Wardwell, which worked on two deals with a combined value of US$11 ($15.52) billion.

Bill Koeck, partner in Blakes’ M&A practice, said he was “delighted” with the firm’s results, and the group’s deal flow since the period accounted for in the tables had continued to be strong. He said it had been a busy time for the M&A group, and the tables were a “great recognition” of its capabilities.

“In January and February, things were quiet for us generally, the deal flow was quiet, but it’s picked up significantly in March and we expect that to continue.”

The tables, released yesterday by mergermarket, also featured Gilbert + Tobin, which ranked third behind Blakes on the value tables and tenth on volume, having worked on four deals to the value of US$9.57 ($13.51) billion.

Blakes also topped the Australian tables, both on volume and value. Gilbert + Tobin was second on value and third on volume; Freehills Lawyers, meanwhile, was second on volume and third on value.

Freehills worked on nine deals to the value of US$2.21 ($3.11) billion. The firm also ranked in seventh position on the Asia-Pacific table on value, and was the only other Australian firm to make it into the top 10. Allens Arthur Robinson was at ninth position, with five deals at a value of US$887 million ($1.25 billion).

Blakes’ and Gilbert + Tobin’s performance in the value stakes was due largely to their work on Alinta’s bid for the Australian Gas Light Company. According to mergermarket, this was the second largest Asia-Pacific M&A deal in the first quarter, with a value of US$7.4 ($10.42) billion.

As well as the Alinta/AGL transaction, over the last year Blakes also worked on BHP Billiton’s $9.2 billion acquisition of WMC Resources and San Miguel’s $1.9 billion acquisition of National Foods, Ramsay Healthcare’s and 1.4 billion acquisition of Affinity Health, among others.

However, Koeck said the firm was involved in a lot of smaller transactions that are not always mentioned in the context of league tables, but that are “equally important to us and to our clients”. These often included deals in the Asia-Pacific region.

The largest deal in the Asia-Pacific for the quarter was Softbank Corporation’s US$15.3 ($21.56) billion bid for Vodafone KK, acted on by Clifford Chance, Linklaters and Lovells.

In the Australian tables, Mallesons Stephen Jaques ranked eighth on value and volume, acting on three deals at a value of US$1.11 ($1.56) billion. Clayton Utz was ranked in tenth position with four deals valued at US$966 million ($1.36 billion). On volume, Clayton Utz, Allens Arthur Robinson and Minter Ellison ranked fourth, sixth and seventh respectively.

Mergermarket said M&A activity in the Asia-Pacific was up 20 per cent on the fourth quarter of 2005, with deals worth US$65.3 ($92.02) billion announced so far this year. By volume, however, that activity had decreased by 50 per cent compared to the previous quarter.

See The Asian Lawyer this week on page 15.

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

Blakes dominates Asia Pac in M&A
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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'...
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...
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 & ...