Allens has again been recognised as Australia's leading M&A and private equity adviser, having topped Bloomberg's M&A Legal League Tables for H1 2023 both in Australia and overseas.
Allens was ranked first by deal volume in Asia Pacific (ex Japan), first by deal volume in Australia and New Zealand and first by volume in South East Asia, as well as ranking 10th for cross border announced deals by volume.
The firm advised on a number of market leading and significant transactions during this period, advising:
- the Brookfield and EIG consortium on its proposed acquisition by scheme of Origin Energy for an implied enterprise value of $18.7 billion;
- Livent on its proposed merger with Allkem to form an $15.7 billion global lithium chemicals producer;
- UBS on the Australian aspects of its proposed acquisition by merger of Credit Suisse to create the world's fourth-largest bank;
- ASX-listed Warrego Energy on its recent takeover battle;
- IFM Global Infrastructure Fund on the acquisition of a 19.18 per cent stake in Atlas Arteria;
- Nitro Software on its contested off-market takeover bid from Potentia Capital; and
- Bain Capital on the proposed acquisition of Estia Health.
'It's been our privilege to work alongside our clients on some of the most complex and significant deals in the first half of this year,' said Vijay Cugati, Allens' recently appointed Head of M&A and Capital Markets.
'Our M&A practice has remained active despite some of the current economic hurdles. We appreciate so many of our clients trusting us with their transactions.
'Those transactions have involved a range of sectors and industries but we have seen a lot of activity driven by the energy transition and the recent Australian and global focus on critical minerals.'
Allens was the only Australian-headquartered firm to rank in the Refinitiv global announced deal table, taking 20th spot and ranking 15th in the Americas and 21st in Europe and the Middle East.
Allens was also Australia's top performer in global private equity, ranking 10th for global private equity deals by volume. The firm took top spot for private equity by volume in Asia Pacific (ex Japan), seventh for European private equity deals by volume and 10th for US private equity deals by volume.
Locally, in addition to the top rankings achieved in the Bloomberg results, Allens ranked second by value in Australasia (Mergermarket) and second for announced deals in Australia and New Zealand (Refinitiv).