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
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
Lawyers welcome same-sex marriage reform
06:05
Lawyers welcome same-sex marriage reform
Australian lawyers have welcomed the recent legalisation of same-sex marriage, after a prolonged nat...
Senate disallows double standards for temporary visa holders
Dec 8 2017
Senate disallows double standards for temporary visa holders
Lawyers have welcomed the Senate’s rejection of regulations imposing strict penalties on temporary...
Handcuffs, freedom
Dec 7 2017
Queensland clocks up more breach of bail offences
A new report about sentencing trends in Queensland shows the number of offenders who have been sente...
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 & ...