21/10/2021

G+T is advising ASX-listed ESG consulting business Cardno on the proposed $667 million sale of its Americas and Asia Pacific consulting divisions to Stantec Inc (TSX, NYSE: STN).

Cardno is a global infrastructure, environmental and social development company operating in more than 100 countries. Cardno is a leader in ecosystem restoration, health sciences, infrastructure, water and government services. Stantec is also leader in sustainable infrastructure design.

G+T’s Corporate Advisory Partner Tim Gordon led the matter, together with lawyers Katrina Byrne, Emily Fanning and a broad cross-firm team.

Tim said “It has been amazing to see first-hand the intense current interest in leading ESG consultancy businesses driven by the massive spending underway in ESG focused infrastructure and climate change mitigation. We have really enjoyed assisting Cardno with its strategic review process and the announced transactions represent an outstanding outcome for all parties.”

The transactions are scheduled to complete in December 2021 subject to customary conditions.

Gilbert + Tobin’s Corporate team has advised on many of Australia’s largest and most innovative transactions across a broad range of industries, including recently advising PowAR consortium on its $3 billion take private of Tilt Renewables, MIRA and Aware Super on the acquisition of Vocus, Afterpay on its proposed $39 billion acquisition by Square, Inc.. The team is recognised in the leading legal directories, including being recognised as Band 1 for Private Equity and Corporate/M&A by Chambers Asia-Pacific 2021 and Tier 1 for Private Equity and M&A by IFLR1000 2021.