Deals

SA Power Networks

Advised SA Power Networks, the operator of the South Australian electricity distribution network, on a US$520 million US private placement note issue.

Wellard

Advised livestock exporter Wellard Limited on all matters related to its initial public offering on ASX to raise A$334 million.

Singapore Airlines

Advised Singapore Airlines on its role as significant shareholder and sub-underwriter for the Virgin Australia Holdings Limited (VAH) 1 for 1 non-renounceable pro-rata entitlement offer to raise circa A$852 million.

NB Global Corporate Income Trust IPO

Advised Neuberger Berman Australia Pty Ltd and Equity Trustees Limited in connection with the successful IPO of NB Global Corporate Income Trust which successfully raised A$414 million and listed on the ASX. Neuberger Berman is a global fund manager with over A$530 billion under management.

ESR Group

Advised ESR, a portfolio company of global private equity house Warburg Pincus on various transactions, including ESR’s unsolicited A$755m takeover of Propertylink Group Limited and ESR’s acquisition of Commercial & Industrial Property Pty Ltd, a property development and construction business, from Charter Hall and founding members for A$102.5 million.

Certis

Advised Singapore-based, Certis, the leading security company in Asia and a portfolio company of Temasek Holdings, on its acquisition of SNP, Australia's largest privately-owned security company.

NRW Holdings

Advised NRW, a West Australia-based civil and mining contractor, on various acquisitions totalling more than A$500 million including its acquisition of BGC Contracting, the Australia-based company engaged in construction, mining, maintenance services, mineral processing, road train Haulage and maintenance services across the resources, energy and infrastructure sectors, and its acquisition of Goldings Group Pty Ltd following a competitive sales process run by funds advised by, and associated with, the seller, CHAMP Private Equity. Golding Group is a civil, urban and mining services provider operating in New South Wales and Queensland.

QIC/Goldman/Pacific Consortium: Icon Cancer Care Group

Advised a consortium comprising QIC, Goldman Sachs PIA and Pagoda Investments on their acquisition of a majority interest in the Icon Cancer Care Group, one of Australia’s two largest providers of cancer care services.

GenesisCare

Represented a consortium comprised of China Resources, one of China’s largest state-owned enterprises, and Macquarie Capital, on its acquisition of the majority interest in GenesisCare Limited and associated shareholders’ agreement and management incentive plan. Corrs also advised Macquarie Capital on its subsequent exit from GenesisCare and sale of its interests to funds advised by KKR. GenesisCare is Australia's largest provider of radiation oncology, cardiology and sleep treatments with operations in the United Kingdom and Spain.

Wesfarmers

Advised Wesfarmers on the competitive sale process of its Kmart Tyre and Auto Service business, one of Australia’s largest tyre, automotive and repair retailers, with 258 stores across Australia and over 1,200 employees, to Continental AG for A$350 million and on the A$230 million acquisition of online retailer Catch Group Holdings Limited, an established online retail business offering branded products on a first-party basis and a third-party online marketplace.

Cromwell Diversified Property Trust

Advised Cromwell Diversified Property Trust on its acquisition of a 9.83 per cent share in Investa Office Fund (IOF) and Cromwell’s proposal to acquire IOF for approximately AU$3 billion. Corrs also advised Cromwell on its subsequent divestment of the IOF stake.

Zenitas Healthcare

Advised French private equity fund Unigestion SA on its investment in a bidding consortium with Adamantem Capital and Liverpool Partners to acquire ASX-listed home care and allied healthcare provider Zenitas Healthcare Limited for A$122 million by way of scheme of arrangement.

Affinity Education

Advised Affinity Education on its successful defence and takeover panel proceedings in relation to a hostile takeover bid by G8 Education Limited; and its subsequent A$212 million takeover by scheme of arrangement with private equity house Anchorage Capital Limited.

ESR Group

Advised ESR, one of the largest pan-Asian logistics real estate developers, owners and operators and a portfolio company of Warburg Pincus, one of the leading global private equity firms, on ESR’s successful A$755 million unsolicited off market takeover of ASX-listed REIT Propertylink Group. As part of this transaction, Corrs also advised ESR on the acquisition of its pre-bid stake of 19.89% of Propertylink through an after-market raid, using an equity derivative structure.