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
Real Estate & Projects Lawyer (6+ years PAE)
Category: Property Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier firm with offices nationally · High profile clients
View details
Tattersall’s win for Clayton Utz

Tattersall’s win for Clayton Utz

CLAYTON UTZ this month pulled off a challenging role as the lead adviser to Tattersall’s on its recent $2.17 billion IPO and listing on the Stock Exchange. The various stakeholders in the…

CLAYTON UTZ this month pulled off a challenging role as the lead adviser to Tattersall’s on its recent $2.17 billion IPO and listing on the Stock Exchange. The various stakeholders in the process impacted significantly on the work the firm did, and demanded significant flexibility on behalf of those involved.

Leading provider of gaming-based entertainment products and one of Australia’s largest private companies, Tattersall’s engaged Clayton Utz last year as advisers on its historic float. Acting on a float of this size has its own challenges, partner Charles Rosedale told Lawyers Weekly. But working with the various stakeholders and their differing interests, was a unique experience.

“There were two transactions running in parallel — the restructure and the float,” said Rosedale. “There were two law firms, two accounting firms, two broking firms. It really was unique. There were lots of parties involved.”

The firm’s work involved setting up appropriate processes to ensure the relevant prospectus liability defences were available, which included ensuring there was no duplication of work undertaken for the restructure, which occurred simultaneously.

Partner Penny Grau said that because the process was operated in tandem, there was due diligence in respect of the restructure and also as part of the float. “But our client did not want duplication to occur,” said Grau. They wanted the float process to be able to rely upon the work undertaken for the restructure, she said.

As well, the firm advised Tattersall’s in establishing aspects of its corporate governance procedures, and assisting in preparing the prospectus. It was involved in the verification process and worked closely with the company, the lead manager, Goldman Sachs JBWere Pty Ltd, and co-lead manager, Macquarie Equity Capital Markets Ltd, to ensure the successful listing.

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

Tattersall’s win for Clayton Utz
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
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...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
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 & ...