G+T advises Orica on $180 million sale of Minova
Gilbert + Tobin advised Orica (ASX: ORI) on the $180 million sale of its Minova business to European based investment firm Aurelius Group. The transaction completed on 28 February 2022. The Minova business provides ground support and geotechnical solutions for mining, tunnelling and surface ground engineering projects. Minova has operations in more than 25 countries.
The Gilbert + Tobin team worked closely with Orica’s M&A and legal teams. Gilbert + Tobin also worked closely with leading law firms in Austria, Canada, Chile, Czech Republic, Germany, India, Kazakhstan, Poland, Russia, South Africa, Spain, Sweden, Switzerland, UK and US.
Ben Macdonald commented, “We are delighted to have worked together with Orica on the successful sale of the Minova business. This important transaction enables Orica to focus on its four business verticals of growth - mining; quarry and construction; digital; and mining chemicals”.
The Gilbert + Tobin team was led by Mergers & Acquisitions partner Ben Macdonald with M&A lawyers Keara Stretton and Eugene Teo supporting. Gilbert + Tobin’s role covered a range of areas including competition/anti-trust (Gina Cass Gottlieb and Andrew Low), property (Amanda Hempel and Tim Dobson), IT and transitional arrangements (Mike Caplan and Matt Hargraves), environmental (Ben Fuller) and intellectual property (John Lee and Lisa Lennon).
Gilbert + Tobin advises on many of Australia’s largest and most innovative M&A transactions across a broad range of industries. The team is recognised in the leading legal directories, including being ranked Band 1 for M&A by Chambers Asia-Pacific.