Australia's leading independent law firm, Corrs Chambers Westgarth, has advised Next Capital Pty Limited (Next Capital) and The Silverfern Group (Silverfern) on the proposed sale of Eptec Holdco Pty Ltd and its defence-related subsidiaries (Eptec Defence) to Arlington Capital Partners.
Eptec Defence is a leading Australian provider of specialist asset preservation and remediation services for defence and marine assets. Arlington Capital Partners, which has over US$14 billion in committed capital, focuses on the aerospace and defence, government services and technology and healthcare sectors.
Led by corporate partner Glen Sauer, and supported by partners John Mosley, Caitlin Chiu, Stephen Price, James North, Lara Hall and James Morley, Corrs advised on all aspects of the transaction with support from the firm’s corporate, banking and finance, employment, labour and safety, technology, media and telecommunications and regulatory practices.
Glen Sauer said: "We are pleased to support Next Capital and Silverfern on this significant sale, which reflects the value that has been built in the Eptec Defence business during their ownership. The sale to Arlington Capital Partners, a leading US investor in the defence sector, positions Eptec Defence for its next phase of growth.
"This transaction highlights Corrs' deep experience in cross-border private equity matters and reinforces our position as a trusted adviser to leading private equity firms on significant transactions."