Takeover bids and schemes of arrangement

• Boardriders, Inc. on its acquisition of Billabong International Limited by way of scheme of arrangement.*
• GrainCorp Limited in relation to the takeover offer from Archer Daniels Midland Company, which valued GrainCorp at $3.4 billion.*
• Pacific Equity Partners on its $1.1 billion acquisition of Spotless Group Limited by scheme of arrangement.*
• Coal & Allied Limited in relation to a scheme of arrangement under which Coal & Allied was privatised by Rio Tinto and Mitsubishi Development. The transaction valued Coal & Allied at $10.8 billion.*
• Telstra Corporation Limited, in its capacity as a partner in the FOXTEL partnership, in relation to FOXTEL’s $2 billion acquisition of AUSTAR.*

Cross-border private M&A transactions

• Coty Inc. in relation to the sale of a majority stake in its Professional and Retail Hair business to KKR for net cash proceeds of US$2.5 billion.*
• KKR in relation to its agreement to acquire a 55% interest in Colonial First State with an implied total valuation for Colonial First State of A$3.3 billion.*
• Westpac Banking Corporation in relation to a number of significant corporate transactions, including its $8 billion acquisition of Lloyd’s Australian assets and its agreement to sell its Vendor Finance business to a portfolio company of Cerberus Capital Management,L.P.*
• Vitol on its A$2.9 billion acquisition of Shell’s Australian downstream assets, including the Geelong Refinery and 870 retail sites across the country.*
• Holcim Ltd on its $2.02 billion purchase of the Australian operations of CEMEX SAB de CV.*

PIPEs and complex corporate restructurings

• An ad hoc group of creditors in relation to a debt for equity swap transaction concerning ASX-listed BoartLongyearLimited under which those creditors are expected to be issued equity securities representing a majority of the issued share capital of BoartLongyearLimited and pursuant to which the company will be redomiciled to North America, in each case via scheme of arrangement.*
• An ad hoc group of creditors in relation to a restructuring of the secured indebtedness of ASX-listed Wollongong Coal Limited via creditors' scheme of arrangement under which US$347 million was restructured into new secured facilities.*
• An affiliate of Oaktree Capital Management, LP in relation to its shareholder approved convertible debt investment in ASX-listed Blue Sky Alternative Investments Limited and subsequent restructuring and receivership processes.*
• Anchorage Capital Group and certain other secured creditors in relation to a creditors’ scheme of arrangement pursuant to which those creditors exchanged a portion of their secured claims for control of Slater + Gordon Limited.*
• Bis Industries Limited in relation to a series of complex deleveraging transactions implemented by way of creditors’ schemes of arrangement.*
• KordaMentha, in their capacity as administrators of Arrium Limited (In Administration), in relation to a dual-track IPO and trade sale process in respect of Arrium Limited’s mining consumables business (Moly-Cop) which culminated in funds advised by American Industrial Partners acquiring Moly-Cop for an enterprise value of US$1.23 billion.*
• Ad Hoc Committees of lenders to EmecoHoldings Limited, Atlas Iron Limited and MirabelaNickel Limited in relation to the debt for equity exchange transactions proposed and/or effectuated in relation to those ASX-listed companies.*
• Nine Entertainment Co. on its $3.4 billion deleveraging transaction implemented by creditors scheme of arrangement.*
• Affiliates of CenterbridgePartners and Oaktree Capital Management, LP on their debt and equity recapitalisationof Billabong International Limited and related Takeovers Panel proceedings.*

Equity capital markets

• DDH1 Limited, an investee company of an affiliate of Oaktree Capital Management Limited, in relation to its successful initial public offering and listing on the ASX.*
• Viva Energy Group Limited on its successful $2.65 billion initial public offering and listing on the ASX.*
• Viva Energy Australia and Viva Energy REIT in relation to the establishment and ASX-listing of Viva Energy REIT, a multi-billion dollar stapled real estate investment trust structure now known as Waypoint REIT.*
• The administrators of MirabelaNickel Limited in relation to an offer of equity securities while the company remained subject to a deed of company arrangement.*

Real estate transactions

• GIC Private Limited in relation to a series of significant Australian real estate transactions, including the acquisition of a 25.1% interest in Lendlease International Towers Sydney Trust from Canada Pension Plan Investment Board and Lendlease.*
• An Asian institutional investor in relation to the acquisition of interests in certain prominent real estate assets in the Sydney CBD, which assets have a combined value of approximately A$4 billion.*
• An affiliate of KKR in relation to the sale of a 60% interest in The Oasis Centre, Broadbeach QLD for total consideration of $103.5 million.*

* Indicates this transaction was completed prior to David's joining Clifford Chance in 2021.