The firm recently advised Pioneer Credit Ltd and Quadrant Private Equity
Gilbert + Tobin (G+T) has advised Pioneer Credit Ltd (Pioneer) as well as Quadrant Private Equity and Superior Food Services shareholders in recent M&A deals.
A team headed by special counsel Louise McCoach guided Pioneer on its acquisition and financing of a significant Part IX (Insolvency) Debt Portfolio valued at $15.8m. The acquisition was financed in part through a finance facility from Nomura Singapore Limited and through equity.
With this acquisition, Pioneer becomes the sole buyer of Max's whole debt portfolio.
McCoach was supported by lawyers Callum Fleming, Clarke Heap, Stephanie Cook, and Patrice Elias. Partner Julian Cheng provided input on the tax aspects.
G+T also assisted on Superior Food Services’ sale to ASX lister Metcash Limited. The acquisition bolsters Metcash’s core food wholesale and distribution capabilities, the firm said.
The potential total enterprise value of the transaction is up to $412.3m. The acquisition will be financed through a fully underwritten institutional placement in addition to Metcash’s existing cash reserves and available debt facilities.
Superior Food will operate within the Metcash Food pillar. It will continue under the leadership of founder and current CEO Craig Phillips.
Corporate advisory M&A partner David Josselsohn spearheaded G+T’s team on the deal. He worked with lawyers Ashleigh Kern, James Fisher and Taylor Jones. Competition and consumer and market regulation partner Charles Coorey and special counsel Sarah Lynch also pitched in, as did real estate partner Ben Fuller, special counsel Jo Bayes, and lawyers Chris Tohme and Nina Pearse; energy and infrastructure lawyer Michal Magat and IP lawyer Fiona Brittain.
