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Allens advises KKR on sale of Australian Venue Co. to PAG
News 29 Aug 2023

AVC is an established food and beverage-led hospitality group that owns and operates a portfolio of more than 210 pubs, bars and event venues across Australia and New Zealand. AVC's management team ...

MAC conditions: more disclosure but no real change to market practice
Insight 16 Aug 2023

MAC conditions have long been a feature of managing completion risk in public M&A transactions in Australia—utilising triggers based on either or both quantitative and qualitative measures. However, in 2022 ASIC published its concerns on the formulation of these conditions and, in particular, its expectation that MAC conditions include objective and 'quantifiable' triggers. ...

Allens advises Bain Capital on $959M proposed acquisition of Estia
News 10 Aug 2023

The signing of the scheme implementation agreement progresses Bain Capital's five-month pursuit of Estia, having made an initial non-binding and indicative proposal in March. 'We are delighted to ...

Fundraising – making the most of convertible notes
Insight 27 Jul 2023

A noticeable fundraising trend in the first half of calendar year 2023 has been ASX-listed entities issuing convertible notes to strategic investors – which has caught the ASX's attention. In this Insight, we explain what potential issuers and investors need to know when issuing convertible notes. ...

Allens advises Rio Tinto on investment in Sovereign Metals
News 24 Jul 2023

The deal sees Rio Tinto take an initial 15 per cent shareholding in Sovereign, providing assistance and advice on various aspects of the Kasiya rutile-graphite project in Malawi. Rutile is used in ...

Closing valuation gaps, unlocking value
Insight 19 Jul 2023

The current Australian M&A landscape continues to be marked by a tough valuation environment, with bid-ask spreads, interest rate uncertainty and an uncertain macroeconomic backdrop making completion of transactions difficult. ...

Allens tops M&A and private equity mid-year rankings
News 17 Jul 2023

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 ...

Allens and Linklaters advise OTPP on NZ$1.076bn telco towers acquisition
News 13 Jul 2023

Together with NZ firm Chapman Tripp, Allens and Linklaters advised OTPP on the long-term service agreement governing access to the towers, which has an initial term of 20 years, as well as the buil ...

Allens advises Burgundy Diamond Mines on $234m capital raising and ASX re-compliance listing
News 07 Jul 2023

This cross-border deal has led to Burgundy becoming the largest ASX-listed diamond company, and one of the largest listed diamond companies globally. The Allens team advised Burgundy on an equity ...

Key considerations for customer-owned bank mergers
Insight 03 Jul 2023

The consolidation of the mutual banking sector in Australia, as evidenced by recent mergers involving four of the country's largest customer-owned banks, is a response to competitive pressures and the need to scale technology, funding and compliance costs. ...

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