One firm has acted in several recent restructures
MinterEllison acted for Manderrah, which purchased Oroton under a deed of company arrangement (DOCA). ABL acted for Deloitte, the administrators of Oroton, with ABL partner Genevieve Sexton and senior associate Elyse Hilton leading the DOCA process.
Oroton, which entered voluntary administration in late 2017, was listed on the ASX and has more than 50 stores in Australia and Asia.
MinterEllison lead partner, Michael Gajic, said that the firm is proud to have advised on the purchase of Oroton. The firm advised on all aspects of the transaction, including deal structuring, drafting and negotiating all transaction documents, and obtaining all necessary regulatory approvals.
“We hope that this is the start of exciting new times for this iconic Australian brand,” he said.
Gajic was supported by partners Michael Hughes, Stewart Robertson, and James Momsen; senior associates Geread Dooley and Anthony Sommer; special counsel Taline Chater; principal consultant Paul Baillie; and associate Dong Su Kim.
MinterEllison has acted in several recent restructures, including the Network Ten restructuring and sale, the Boart Longyear recapitalisation, and Baralaba Coal company sale and recapitalisation.