Gilbert + Tobin advises PEP on $1.1 billion acquisition of Spotless
27th August 2012
Gilbert + Tobin is pleased to have advised leading Australasian private equity firm, Pacific Equity Partners (PEP) on the $1.1 billion acquisition of Spotless Group Limited (ASX/NZX: SPT, Spotless) which was completed on 16 August.
Gilbert + Tobin advised PEP on the acquisition by scheme of arrangement and the financing package for this sizeable private equity transaction. The transaction has been one of Australia’s highest profile transactions in the past year.
Corporate Advisory partner Andrew Bullock led the team, and was assisted by fellow partners Rachael Bassil, David Clee and Hiroshi Narushima, and lawyers Matt Baumgurtel, Timothy Perry, Ilona Roze and Shan-Ree Tan. While partner John Schembri led the finance team and was assisted by Adela Smith and Gwyn Thurlow.
Commenting on the transaction, Andrew Bullock said, “It has been a pleasure to work with PEP on this significant transaction. It involved a novel pre-bid structure and deal terms which are now being adopted by other firms in public to privates. We wish PEP and Spotless all the best for the future.”
This transaction highlights the firm’s continued success in mergers and acquisitions. Other recent examples include key roles on Country Road’s acquisition of Witchery and Mimco, Quadrant Private Equity’s acquisition of Macquarie Group’s and Tom Meyers’ stake in mining services business CQMS and Rockwood Holdings on its proposed acquisition of TSX-listed Talison Lithium Limited.
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