Weekly Deals Roundup: Energy transactions lead in sparse week

A massive deal in the energy sector redeems a week that saw few deals

Weekly Deals Roundup: Energy transactions lead in sparse week
The financial closure of the $16.2 billion lease deal for Ausgrid compensates for a week that saw thin activity.
Clayton Utz confirmed that the deal, in which it advised the consortium comprising IFM Investors and AustralianSuper, has financially closed officially making it the largest M&A transaction in Australia for the year.
Herbert Smith Freehills also advised the consortium while Ashurst advised on due diligence and financing and Allens advised the financial firms involved in the transaction.
HSF also advised another deal we have, which is Clean Energy Finance Corporation’s $110 million investment in Investa Commercial Property Fund. This is the company’s largest investment in new property to date.
Going back to Clayton Utz, the firm also advised on Tox Free’s acquisition of Daniels Health Pty Ltd and Daniels Manufacturing Pty Ltd in a deal with an enterprise value of $186 million. The matter also involved an $85 million entitlement offer used to partially fund the acquisition.
Meanwhile, Squire Patton Boggs assisted New York Stock Exchange-listed firm Live Nation in the acquisition of 51% of Secret Sounds Group which owns popular music festivals Splendour in the Grass and Falls Music and Arts.
Click on the links below for more information on each deal:
Clayton Utz confirms financial closure of $16.2b lease deal

HSF advises on Clean Energy Finance Corp’s largest new property investment​​​​​​​

Clayton Utz acts on $186m acquisition, $85m entitlement offer

Squire Patton Boggs advises US-listed firm in Australian events business acquisition​​​​​​​

Related stories:
Weekly Deals Roundup: Ashurst advises non-profit financial organisation pro bono
Weekly Deals Roundup: M&A and capital raisings dominate the week

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