Gazal Corporation sale of underwear brands to Bendon – Undisclosed
Firm: Hardings Lawyers
Lead Lawyer: Michael Treeby
Client: Bendon
Firm: Johnson Winter & Slattery
Lead Lawyer: Tim Bowley
Client: Gazal Corporation
• Clothing wholesaler and retailer, Gazai Corporation, has agreed to sell its retail brands Lovable, Davenport, Kissed By Lovable, Crystelle and Fineform to Bendon Limited, a New Zealand-based lingerie company
• This is the latest in a series of transactions since 2005 in which JWS has advised Gazal. It follows the sale of Gazal's Mambo brand to Equity and Capital Finance Australia in 2008, and the sale of Gazal’s Brands United outlet stores to Pacific Brands earlier this year
• Other transactions involving a foreign investor or purchaser which Bowley has advised on this year include Cephalon’s takeover of ChemGenex, advising the shareholders of Energy Response Holdings on its sale to EnerNOC, inc and the Oceania Capital Partners (Formerly Allco) on its A$133 million restructuring and capital management proposals
Leighton Holdings Indonesian mining operations financing – A$600 million
Firm: Allen & Overy
Client: PT Leighton Contractors Indonesia and PT Thiess Contractors Indonesia
Firm: Allens Arthur Robinson
Lead Lawyer: Rod Howell
Client: ANZ as mandated lead arranger, bookrunner and agent for a syndicate of nine banks
• The deal provides lease financing for Leighton Holdings Limited's (Leighton) two operating subsidiaries in Indonesia; PT Leighton Contractors Indonesia and PT Thiess Contractors Indonesia
• The deal’s structure, as a Revolving Master Lease Purchase Agreement, provides for diversification in financing structures available to fund expansion in the growing mining sector
• Allens Arthur Robinson has also advised relationship client ANZ along with United Overseas Bank (UOB) and Sumitomo Mitsui Banking Corporation (SMBC)on the recent $190 million loan to Sinochem International Overseas pte
Lend Lease wholesale investment vehicle – A$153 million
Firm: BSA Law
Client: Lend Lease investment fund
Firm: Freehills
Lead Lawyer: Justin O’Farrell
Client: Lend Lease
Firm: Russell McVeagh
Client: Lend Lease (re: property sale)
• The new vehicle, launched on October 19, has signed conditional contracts to buy four New Zealand shopping centres for NZ$197 million
• Freehills has advised relationship client Lend Lease on a number of recent transactions, including the A$975 million syndicated loan facility arranged in June
• Russell McVeagh is advising on the property sale aspects of the transaction
Other deals announced:
Clayton Utz partner Geoff Geha and Freehills partner Hayley Neilson have also advised on a A$2.075 billion syndicated loan facility for Seven West Media. Clayton Utz advised the 12 lenders, while Freehills advised Seven West Media. KKR Capital Markets was the financial advisor to Seven West Media.The facility is to refinance existing facilities
Clayton Utz is currently advising the Western Australian State Solicitor's Office on the Eastern Goldfields PPP prison project. This new A$232 million, mixed gender facility will provide 350 beds across all security levels, replacing the existing outdated Kalgoorlie-Boulder facility. Melbourne Construction and Major Projects partner Joanna Pugsley is leading the Clayton Utz team.
Clayton Utz, Mallesons Stephen Jaques and McCullough Robertson have also advised on Global Television's (GTV's) acquisition of Cutting Edge's outside broadcasting business. Mallesons M&A partner Lee Horan led the team advising GTV, supported by solicitors Peggy Ching, James Yao and law graduate Iris Eow. Finance partner, Richard Hayes, and senior associate Andrew Maynes, led the banking team which included solicitor Will Stawell and law graduate Sarah Hickey
Clayton Utz partner Geoff Geha advised the banks and McCullough advised Cutting Edge.
DLA Piper has also advised Calix on its A$54.6 million capital raising, announced today. Corporate partner Mark Burger led the team. Calix Limited has issued to two institutional investors up to $40 million of bonds, which can be converted into ordinary shares in Calix and up to 20 million options to subscribe for new ordinary shares in the company
Corrs Chambers Westgarth and HopgoodGanim have also advised on the A$13 million acquisition of secured convertible notes in ASX-listed Metal Storm Limited. HopgoodGanim partner Michael Hansel led the team advising the New York-based investment fund manager The Lind Partners
Minter Ellison partner James Hutton and special counsel Renee Doyle have also advised Phosphagenics Limited on its capital raising and share purchase plan. Phosphagenics Limited, a Melbourne based drug delivery technology company, has successfully raised $24.1 million via a $17.1 million placement to institutions and sophisticated investors and a $7 million placement to a Singapore-based investor. It is intended to seek a further $3 million via a share purchase plan (SPP).
