Private equity has emerged as a serious institutional asset class in recent times.
It has become important to the growth and transformation of business, providing essential finance to enterprise for expansion or rescue financing.
The private equity transaction market is gathering momentum again after a period of relative quiet, driven in part by the return of liquidity to the leveraged finance market and the realignment of multiples and vendor expectations.
Closing a successful private equity transaction requires a flexible and innovative approach and a legal team with excellent project management skills.
Corrs’ national team of internationally experienced lawyers advises leading private equity houses at every point of the private equity fund cycle including fund formation, expansion capital investments, LBOs, MBOs, MBIs, secondary buy-outs, capital raisings, exits and divestments.
V8 Supercar racing is one of Australia’s fastest growing sports and the premier motorsport category in Australasia with millions of television viewers in the country. Corrs Chambers Westgarth advised leading private equity house Archer Capital on its acquisition of a controlling stake in V8 Supercars Holdings Pty Limited (V8 Supercars) in 2011.
Private equity house Archer Capital’s public to private acquisition of all of the shares in Keycorp Limited was one of the very few take privates completed by private equity in Australia in 2010.Keycorp Limited is a provider of services to the payments and retail industry, and believed the private equity model was best to support its next phase of growth. Corrs’ role involved advising Archer Capital via a wholly owned subsidiary on its Keycorp acquisition which was completed by way of a scheme of arrangement. Shareholders approved the scheme on 19 November 2010. The Scheme was implemented in December 2010.
Forestry Plantations Queensland (FPQ) was the first of five businesses to be sold or leased by the Queensland Government to the private sector as part of the government’s $16.5 billion forestry privatisation program. In a bid to reform the state balance sheet and build a stronger state economy, the Queensland Government sold FPQ’s main assets to a Hancock managed consortium for $603 million in June 2010.
More
It’s been 10 years of ups and downs for private equity. First the ups, and then the downs. But it’s on its way back.
More
There’s always a new idea when it comes to takeovers because there’s always someone wanting to win. Keeping on top of that is part of the success story. One trend currently stirring the pot is private equity funds making takeover bids.
MoreIn the decision of Commonwealth Bank of Australia v Anand [2011] NSWSC 613, the Supreme Court of New South Wales considered whether a mortgagee’s failure to register a charge within time, thereby rendering the charge void, would impact on a guaranto
MoreV8 Supercar racing is one of Australia’s fastest growing sports and the premier motorsport category in Australasia with millions of television viewers in the country. Corrs Chambers Westgarth advised leading private equity house Archer Capital on its acquisition of a controlling stake in V8 Supercars Holdings Pty Limited (V8 Supercars) in 2011.
The deal, which was undertaken at an enterprise value of more than $300 million, will ensure the continued development of V8 Supercars motor sport in Australia.
According to Andrew Gray, partner of Archer Capital, it was: “the excellent legal and commercial support provided by the [Corrs] team that was a vital part of our capacity to win in a competitive bidding process”.
Private equity house Archer Capital’s public to private acquisition of all of the shares in Keycorp Limited was one of the very few take privates completed by private equity in Australia in 2010.Keycorp Limited is a provider of services to the payments and retail industry, and believed the private equity model was best to support its next phase of growth. Corrs’ role involved advising Archer Capital via a wholly owned subsidiary on its Keycorp acquisition which was completed by way of a scheme of arrangement. Shareholders approved the scheme on 19 November 2010. The Scheme was implemented in December 2010.
Forestry Plantations Queensland (FPQ) was the first of five businesses to be sold or leased by the Queensland Government to the private sector as part of the government’s $16.5 billion forestry privatisation program. In a bid to reform the state balance sheet and build a stronger state economy, the Queensland Government sold FPQ’s main assets to a Hancock managed consortium for $603 million in June 2010.
The deal included a 99 year licence to manage, harvest and re-grow plantation timber on over 200,000 hectares of plantation lands.
Corrs advised major Danish investor ATP Timberland Invest K/S and a large institutional UK investor. Together they were the key equity investors in the successful Hancock managed consortium.
There’s always a new idea when it comes to takeovers because there’s always someone wanting to win. Keeping on top of that is part of the success story. One trend currently stirring the pot is private equity funds making takeover bids.
It’s been 10 years of ups and downs for private equity. First the ups, and then the downs. But it’s on its way back.
In the decision of Commonwealth Bank of Australia v Anand [2011] NSWSC 613, the Supreme Court of New South Wales considered whether a mortgagee’s failure to register a charge within time, thereby rendering the charge void, would impact on a guaranto
