Adam is a partner in Gilbert + Tobin’s Corporate Advisory group.
Adam specialises in acting on equity capital markets transactions and advising on Australian securities law issues but is also highly regarded for his work on public and private M&A transactions.
He has extensive experience advising issuers on initial public offerings and secondary raisings in Australia and also advises all major investment banks operating in Australia on a range of equity capital markets transactions.
Highlights of Adam's ECM experience include advising:
- the issuers on the IPO and ASX-listings of Convenience Retail REIT, the Australian Unity Office Property Fund, Nine Entertainment Co., Mantra Group Limited, and Spotless Group Limited on their initial public offerings and ASX listings, as well as a number of other companies on their proposed IPOs, including Moly-Cop, Performcom, Metro Property Group, Hoyts Group and Vibrynt, Inc (a proposed CDI IPO);
- the major shareholders on the IPO and ASX-listings of Global Traffic Network, Veda and Collins Foods and Briscoe Group Limited, an NZX listed company, on its dual listing on the ASX;
- Yancoal Australia Ltd, an ASX listed company, on the first ever dual primary listing on the Hong Kong Stock Exchange and associated initial public offering (which also involved the use of an Australian rights issue);
- the joint lead managers/ underwriters on a significant number of IPOs and ASX-listings, including Vintage Energy, Netwealth, New Energy Solar, Inghams, MYOB, Healthscope, the Costa Group, amaysim, Gateway Lifestyle, Estia Health, Craveable Brands, Alinta Energy Limited, Propertylink Group, Kogan.com, Scottish Pacific, Gateway Lifestyle;
- the issuers various rights issues, including those undertaken by Beach Energy (to fund its acquisition of Lattice Energy from Origin), TPG (to fund its acquisition of additional mobile spectrum), M2 Telecom (to fund its acquisition of Primus Telecommunications) and Evolution Mining as well as advising several ASX-listed companies on institutional placements and associated securities purchase plans; and
- the underwriters on the rights issues and other secondary capital raisings, including by Village Roadshow Limited, AUB Group, Sheffield Resources, SCA Property Group, Bingo Industries Limited, Primary Health Care (now Healius), Reliance Worldwide Corporation, Pact Group Holdings, Yancoal (to fund its acquisition of Coal & Allied from Rio Tinto), APA Group, Evolution Mining, Transurban, Flexigroup, SpeedCast, APN News & Media and Mayne Pharma.
Adam has also advised on a number of “block trade” sales (including advising the major shareholder of GTN Limited on its staged sell down via block trades as well as on the $4.7bn selldown by Caltex’s former largest shareholder, Chevron and various private equity sponsors on their block trade sales), on capital management transactions, such as off-market buybacks (including Caltex on its $270m off-market buy-back by way of a tender offer) as well as on securities law enforcement matters and equity derivative transactions (both in connection with securities offerings and in pre-bid stake acquisition scenarios on hostile M&A transactions).
Adam regularly acts on public regulated, as well as on private, merger and acquisitions transactions and also provides advice to ASX-listed companies on shareholder activism and shareholder matters as well as advises on corporate governance and executive remuneration.
Adam’s M&A transactional experience includes advising:
- ASX-listed companies undertaking material disposals, including Primary Health Care on its $155m sale of MedicalDirector to Affinity Equity Partners and the establishment of MedicalDirector’s long-term contractual arrangements with Primary’s retained businesses in relation a new SaaS clinical management product and Ardent Leisure on the sale of the d’Albora Marinas business;
- on takeover defences, including by the Responsible Entity of Generation Healthcare REIT on NorthWest Healthcare’s $500m unsolicited takeover bid and Charter Hall Office REIT on its $1.2 billion takeover by way of trust scheme of arrangement by a consortium comprising the Singapore Government Investment Corporation, Canadian Public Sector Pension Fund and Charter Hall Group;
- the bidders on public M&A transactions, including Wilmar International Limited and First Pacific Company Limited, on their $1.9 billion acquisition of Goodman Fielder, Carlyle on its acquisition (together with TPG) of Greencross Limited, Dulux on its bid for Alesco Corporation, the Carlyle Group on its proposed takeover of Redflex Holdings with Macquarie Special Situations Fund by scheme of arrangement, Brookfield Asset Management on its simultaneous takeover and scheme of arrangement of Prime Infrastructure Holdings (the former Babcock & Brown Infrastructure) as well as on its earlier $1.6b recapitalisation of Babcock & Brown Infrastructure and Primary Health Care on its hostile takeover bid for Symbion Health;
- both ASX-listed and private equity acquirers in various private M&A transactions, including Beach Energy on its acquisition of Lattice Energy from Origin Energy, CHAMP private equity on unsecured financing and warrant acquisition into Panthera and Royal Philips on its acquisition of Australian Pharmacy Sleep Services;
- Wilmar International Limited and First Pacific Company Limited, on their $1.9 billion acquisition of Goodman Fielder;
- Charter Hall Office REIT on its $1.2 billion takeover by way of trust scheme of arrangement by a consortium comprising the Singapore Government Investment Corporation, Canadian Public Sector Pension Fund and Charter Hall Group;
- the Carlyle Group on its proposed takeover of Redflex Holdings with Macquarie Special Situations Fund by scheme of arrangement; and
- Brookfield Asset Management on its simultaneous takeover and scheme of arrangement of Prime Infrastructure Holdings (the former Babcock & Brown Infrastructure) as well as on its earlier $1.6b recapitalisation of Babcock & Brown Infrastructure.
Adam has also advised on general corporate advisory matters, including acting for Ardent Leisure Group on its destapling and corporatisation transaction involving multiple schemes of arrangement and corporate restructuring. This involved the destapling of the Ardent Leisure Trust from Ardent Leisure Limited and the interposition of Ardent Leisure Group Limited as the new head company of the group. Adam also advises various Australian and multi-national companies on their employee incentive arrangements and share plans.
Prior to joining Gilbert + Tobin in 2010, Adam was a member of the mergers and acquisitions group of another major Australian law firm and was the associate to Justice Richard Conti of the Federal Court of Australia.
Adam was admitted as a solicitor in New South Wales in 2006 and has a Bachelor of Laws (awarded the University Medal) and Bachelor of Commerce (Finance) from the University of New South Wales.
+61 2 9263 4789