The firm guided ASX lister MMA Offshore on its proposed pickup by Cyan Renewables
Thomson Geer has confirmed its role as legal counsel to ASX-listed marine and subsea services provider MMA Offshore on its $1.03bn proposed acquisition by Cyan Renewables.
According to lead partner Hedley Roost, the acquisition is "the culmination of a remarkable turnaround story for MMA” and is “emblematic of the energy transition as MMA has pivoted to focus on the offshore wind market".
Under the terms of the deal, Cyan will acquire all shares of MMA via scheme of arrangement. Thomson Geer advised on all aspects of the transaction, including implementation, the court approval process, diligence, tax, and Foreign Investment Review Board matters.
Roost worked alongside partners Michael Bowen and Cameron Forbes; special counsels Cameron Bill and Helen Jin; associate Lawrence Ward; and lawyer Imogen Farmer.
Rothschild & Co was MMA’s financial adviser, while UBS served that role for Cyan.
MMA operates a fleet of 20 vessels globally, supporting energy and offshore renewables projects, governments, and various coastal infrastructure. The firm is headquartered in Perth. Cyan is based in Singapore and is the first dedicated offshore wind vessel operator in Asia, according to Thomson Geer.
