find the latest legal job
Senior Associate - Competition, Policy & Regulatory
Category: Other | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Work with a well regarded Partner · Sydney CBD
View details
Commercial Litigation Senior Associate
Category: Litigation and Dispute Resolution | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Lawyers Weekly Australia Partner of the Year 2016, Insolvency
View details
MULTIPLEX Regional Legal Counsel (Vic) | 7 to 10 years + PQE
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Career defining in-house role · Tier One international contractor
View details
Junior Lawyer - Personal Injury Law
Category: Personal Injury Law | Location: Parramatta & Western Suburbs Sydney NSW
· Highly specialized practice · Challenging role with great opportunities
View details
IR Advisor/Member Advocate
Category: Industrial Relations and Employment Law | Location: St Leonards NSW 2065
· Permanent (0.8-1.0 FTE) role in a developing team
View details
A&O and Allens toast Foster's deal

A&O and Allens toast Foster's deal

Allens Arthur Robinson has helped to negotiate an extra $400 million on behalf of Foster's in its proposed $9.9 billion sale to SABMiller.Foster's has accepted the $9.9 billion sale of its beer…

Allens Arthur Robinson has helped to negotiate an extra $400 million on behalf of Foster's in its proposed $9.9 billion sale to SABMiller.

Foster's has accepted the $9.9 billion sale of its beer business, which includes the iconic Australian brands VB and Carlton Draught, after rejecting a $9.5 billion bid in August.

Robert Pick, the firm's capital markets co-head, led the Allens team advising Foster's with senior partner Ewen Crouch.

Allen & Overy acted for SABMiller. The firm's team was led by M&A partners Aaron Kenavan and Michael Parshall, with antitrust partner Dave Poddar and banking partner Adam Stapledon also advising.

Hogan Lovells also advised SABMiller on global aspects of the transaction.

The deal represents a coup for both Allens and A&O, as they received the nod to act on this transaction ahead of other law firms that have had extensive links with both companies.

"We have a long history with Foster's and were delighted to act for them on this transaction," said Pick.

He provided no comment about whether Allens actively courted Foster's to trump Corrs and other firms in acting on this deal.

The chairman of Foster's, David Crawford, also sits on the advisory board of Allens. Crawford described the increased offer by SABMiller as "compelling".

The Britain-based SABMiller - which has beers including Castle Lager, Grolsch and Peroni in its portfolio - has previously used Baker & McKenzie for much of its international legal work.

London-based A&O partner Richard Brown was a key figure in enabling his firm to be involved in one of the largest Australian M&A deals over the last few years.

Foster's is hoping that the shareholder and court approvals required to have this deal signed off will be completed by Christmas.

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

A&O and Allens toast Foster's deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Handshake
Sep 20 2017
Silk picked to monitor national security laws
Dr James Renwick SC has been appointed as Independent National Security Legislation Monitor after se...
Two businessman, growth
Sep 19 2017
Aus catching up on international arbitration front
Australia is starting to see a spike in international arbitration with this set to continue over the...
Prison
Sep 19 2017
Manson family killer suffered ‘miscarriage of justice’: former lawyer
A retired Australian barrister has published a book on the Manson Family murders of 1969 and called ...
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 & ...