Experience
Selected experience
A representative selection of business valuations, M&A advisory work and litigation support engagements.
Chandler Macleod
Recruitment
Independent expert report on acquisition by scheme of arrangement with Recruit Holdings
Angas Securities
Financial Services
Independent expert report on creditors’ scheme of arrangement involving debt for equity swap of debentures for shares
Aquis Entertainment
Casino
Independent expert report on acquisition of controlling interest in Casino Canberra
Kasbah Resources
Tin
Independent expert report on acquisition of a controlling interest in the Achmmach Tin Project in Morocco
Unity Mining
Gold
Independent expert report on acquisition by scheme of arrangement with PYBAR Group
Essential Metals
Lithium
Valuation of the Pioneer Dome lithium mining tenements
GroPep
Biotech
Independent expert report on acquisition by scheme of arrangement with Novozymes
Panbio
Biotech
Independent expert report on takeover offer by Iverness Medical Innovations
So Natural Foods
Food and beverage
Independent expert report on takeover offer by Perich Group
BlueScope Steel
Elouera Coal Mine
Valuation advice to directors in relation to a pre-emptive rights agreement
Leviathan Resources
Gold
Independent expert report on takeover offer by Perseverance Corporation
Felix Resources
Coal
Independent expert report on merger of coal interests with White Mining
ACMA Engineering
Engineering
Independent expert report on restructuring and recapitalisation of ACMA Engineering
MPI Mines
Gold
Valuation advice to directors regarding shares in Leviathan Resources
GasNet
Regulated utility
Independent expert report on restructuring to form a stapled security
Peter Lehmann Wines
Food and beverage
Valuation advice to directors in relation to takeover offer by Allied Domecq
Advance Bank
Banking
Independent expert report on a merger with St George Bank
Comalco
Aluminium
Independent expert report on a takeover offer by Rio Tinto
The Rock Building Society
Building society
Valuation advice to directors for general corporate purposes
Caltex Australia
Oil and gas
Independent expert report on acquisition of remaining 50% of Australian Petroleum
Tethyan Copper
Copper
Valuation advice to directors in relation to a takeover offer
Metway Bank
Banking and insurance
Independent expert report in relation to a merger of Metway Bank, SUNCORP Insurance and QIDC
Unilever Australia
Consumer products
Valuation of brand names and intellectual property for Bushells, Rosella, Seakist, Rexona, Streets, John West and others
Bank of Melbourne
Banking
Independent expert report on an acquisition by scheme of arrangement with Westpac
Southcorp
Packaging
Valuation of Southcorp’s North American packaging, pollution control and water heater businesses
WESFI
Building materials
Independent expert report on a takeover offer by Bristile
Queensland Nickel Industries
Nickel
Valuation advice to directors in relation to a potential sale
Boral
Building materials
Independent expert report on a demerger by scheme of arrangement
Tyrrell’s Wines
Food and beverage
Valuation advice to directors for general corporate purposes
QCT Resources
Coal
Independent expert report on a takeover offer by BHP and Mitsubishi
Blue Seas Pearling
Pearling
Valuation advice to directors for general corporate purposes
AAPT
Telecommunications
Independent expert report on a takeover offer by Cable & Wireless
Shell Australia
Oil and gas
Valuation advice to directors in relation to a merger proposal from Woodside Petroleum
Australian Consolidated Press
Media
Independent expert report on a merger with Nine Network by scheme of arrangement
AMP Society
Coal
Valuation of the Bayswater and Lakes coal mines in relation to a possible sale
Incitec
Chemicals and fertiliser
Independent expert report on a takeover offer by Orica
CVC Capital Partners
Building materials
Valuation of the Amatek building materials businesses in relation to a possible sale
Challenge Bank
Banking
Independent expert report on an acquisition by scheme of arrangement with Westpac
Lend Lease
Infrastructure
Valuation and capital structure advice to directors in relation to the Port of Geelong
Ampolex
Oil and gas
Independent expert report on a takeover offer by Mobil Oil
Howard Smith
Hardware
Valuation advice to directors in relation to the BBC Hardware business
Metal Manufactures
Building materials
Independent expert report on the sale of a business unit to BICC
Consolidated Press Holdings
Magazines
Valuation of brand names and intellectual property for general corporate purposes
Foster’s Brewing
Food and beverage
Independent expert report on selldown of a major shareholding
Commonwealth Bank
Infrastructure
Valuation advice in relation to investment in M5 Southwest Motorway
MMI
Insurance
Independent expert report on a selective reduction of capital
NRMA
Insurance
Valuation advice to directors in relation to proposed demutualisation
Parbury
Building materials
Independent expert report on a takeover offer by Atkins Carlyle
Coal & Allied Industries
Coal
Independent expert report on a takeover offer by Rio Tinto
RGC
Mineral sands
Independent expert report on merger of RGC and Westralian Sands
Ausenco
Engineering
M&A adviser in relation to acquisition of Reaction Consulting, a Canadian oilsands engineering and project management business
Tyrell’s Wines
Food and beverage
Financial adviser on valuation, capital structure and asset realisation opportunities
Ausenco
Engineering
M&A adviser in relation to acquisition of Sandwell Engineering, a Canadian port and marine infrastructure business
Ausenco
Engineering
M&A adviser in relation to acquisition of a 50% interest in Kramer Engineering, a Papua New Guinea civil and structural engineering business
Ausenco
Engineering
M&A adviser in relation to acquisition of Pipeline Systems, a global slurry pipeline engineering business
Ausenco
Engineering
Financial adviser in relation to the IPO and listing on the ASX
Hoyts Cinemas
Entertainment
M&A advisor to the owners of Hoyts Cinemas on the sale to Hellman & Friedman including management of a simultaneous trade sale and proposed IPO
Australian Consolidated Investments
Food and beverage
Financial adviser on refinancing of subordinated debentures and merger of National Brewing with Lion Nathan
Channel 9 Adelaide
Television
M&A advisor to the owners of Channel 9 Adelaide on sale to Southern Cross Broadcasting
MBF
Health care
M&A advisor to MBF on the sale of its private hospital portfolio to various purchasers
Qintex banking syndicate
Television
M&A advisor in relation of sale of Channel 7 in a simultaneous trade sale and IPO process that culminated in listing on the ASX
FreightCorp
Transport
Financial adviser in relation to proposed acquisitions of Westrail and National Rail
Walker Corporation
Property
Advice to directors in relation to a merger with Australand Holdings
Holyman
Infrastructure
M&A advisor in relation to merger of tugboat and ferry operations with Adsteam Marine
Adelaide Brighton
Building materials
M&A advisor on the acquisition of Cockburn Cement and a rights issue and placement resulting in the acquisition of a controlling interest by Rugby Group
G.H. Michell & Sons
Manufacturing
Advice to the owners in relation to valuation issues and implementation of a buyback scheme for shareholders
Austen & Butta
Coal
M&A advisor in relation to a takeover offer by Shell Australia
RGC
Gold
Advice to directors in relation to a takeover offer for Pancontinental Mining
Task Force on Asset Sales
Airlines
Financial adviser to the Commonwealth Government in relation to the QANTAS IPO
Interlink Roads
Infrastructure
Financial adviser in relation to restructuring of loans for the M5 Southwest Motorway
Australian Wool Textiles
Manufacturing
Financial adviser in relation to reconstruction of the group and sale of Jamison Equity
Jabiru Satellite (In Liq) v Societe Generale
Satellite communications
Valuation of the Jabiru-1 satellite, the NewSat ground teleport operations, the Jabiru-2 transponder lease and the Jabiru-3, Jabiru-4 and Jabiru-5 satellite projects
Villefranche Investments v ASP Aluminium Holdings
Aluminium
Valuation of shares in ASP Aluminium Holdings
Aurelius Marvel One v Orica Investments
Mining services
Valuation of Minova mining services and advice on the due diligence process involved in the sale of that business
Our Jim & Felicja Superannuation Fund v Lindenfels
Coal
Valuation of the Callide Coal Mine and shares in Batchfire Resources
LK Law v Jason Karas
Legal services
Valuation of Lipman Karas Hong Kong
Genesee & Wyoming v Australian Eastern Railroad
Rail transport
Advice on the due diligence process and sale process for a trade sale involving the sale of GRail by Glencore
LM Investment Management (in liquidation) v Ernst & Young
Retirement villages
Valuation of the retirement villages and other accommodation property businesses operated by LM Investment Management
Re Holdco (In Liquidation) and Sargon Services (In Liquidation)
Technology services
Valuation of shares in the Sargon group of companies
Wealth Mining (Subject to Deed of Company Arrangement)
Coal
Valuation of the Grosvenor West coal project
Lithium WA Investments v Alita Resources (Receivers and Managers Appointed)
Lithium
Valuation of the Bald Hill Lithium Mine
Brendan McCassey v Nemo (BC) HoldCo
Childcare
Valuation of the Only About Children childcare business
Wright Prospecting v Hamersley Resources
Iron ore
Valuation of iron ore tenements adjacent to Rhodes Ridge Joint Venture
Anderson v Patersons Securities
Funds management
Valuation of the Ashington Group’s property funds management business
Cutty Sark Holdings v Cessnock City Council
Aircraft joyflights
Assessment of loss and damage
Nigtol v Marcos Accountants
Accounting services
Assessment of loss and damage
Metallurg v Global Advanced Metals
Lithium
Valuation of mining tenements for the Wodgina Lithium Project
Cherwell Creek Coal v BHP Queensland Investments
Coal
Value of the loss of opportunity to develop the Cherwell Creek Coal Project
Global Advanced Metals Greenbushes v Talison Lithium Australia
Tantalum
Valuation of the Greenbushes tantalum mining and processing operations
Noel Allen v Perks & Associates
Pharmacy and hotels
Valuation of the pharmacy and hotel operations of the Allen Group
Sanrus v Monto Coal and Macarthur Coal
Coal
Valuation of the Monto Coal Project and the loss of opportunity suffered by Sanrus due to failure of the Joint Venture to proceed
Australian Property Custodian Holdings (In Liquidation) v Mr William Lewski
Retirement villages
Value of the management rights to the Prime Retirement Village Trust
Banksia Securities (In Liquidation) v The Trust Company
Debentures
Advice on the due diligence process involved in a merger of Banksia Securities and Statewide Securities and the appropriateness of the financial advice provided
Lanco Resources v Griffin Energy
Coal
Valuation of Griffin Coal and advice on the sale process undertaken in the sale of Griffin Coal
Celamin v Tunisian Mining Services
Phosphate
Valuation of the Chaketma Phosphate project in Tunisia
Oswal v ANZ Banking Group and Yara International
Chemicals and fertiliser
Valuation of the Burrup ammonia plant and shares in the holding company
Mitic v OZ Minerals
Gold and other minerals
Advice on the adequacy of the independent expert report on a merger between Zinifex and OZ Minerals
Tanami Gold v Metals X
Gold
Valuation of the Central Tanami Gold Project
Woollahra Municipal Council v State of NSW
Council merger
Advice on the financial analysis supporting the proposed merger of local councils
Alacer Gold and Barrick Gold v Western Australian Commissioner of State Revenue
Gold
Advice on the appropriate methodology for the valuation of gold assets
Glencore Queensland v Indophil Resources
Copper
Valuation of the Tampakan copper project in the Philippines
Mokey v Premier Coal
Coal
Valuation of lignite coal tenements
Retail Application Products v Fujitsu Australia
Technology services
Loss and damage assessment in relation to a grocery point of sale system
Primebroker Securities (In Liquidation) v ANZ Banking Group
Financial services
Value of the Primebroker financial services business
Kingstream Steel Creditors Trust v St Barbara and Zygot
Iron ore
Valuation of iron ore tenements and the Jack Hills iron ore project
Futuris v Commissioner of Taxation
Building materials
Valuation of Bristile
News v Seven Network
Media
Advice on the appropriate valuation methodology for the C7 pay television business and synergies between the Seven Network and the C7 pay television business
AGRA Monenco-Attila Dogan Joint Venture v Jordan Magnesia
Magnesia
Valuation of the Jormag magnesium oxide plant and assessment of the loss of profits suffered by Jordan Magnesia and Arab Potash Company
Fexuto v Bosnjak Holdings
Transport
Valuation of the National Bus Company business
Touraust Hotels v Trust Company of Australia
Hotel accommodation
Advice on the loss and damage suffered by Touraust Hotels through failure of Grand Hotel Group to support expansion
Bell Group (In Liquidation) v Westpac Banking Corporation
Food and beverage
Valuation of brewing assets including the Swan, Tooheys and XXXX breweries
KPMG Corporate Finance v Cape Wools
Manufacturing
Valuation of intellectual property owned by IWS International including the Woolmark
Harris Scarfe Holdings v Ernst & Young
Clothing retailer
Valuation of the Harris Scarfe business
Duke Group (In Liquidation) v Nelson Wheeler
Financial services
Valuation of Western United financial services businesses and review of expert’s report prepared by Nelson Wheeler
Liquorland v Michael Lee Anghie
Food and beverage
Valuation of Australian Liquor Group in relation to a takeover offer by Liquorland
Zeneca v Orica
Pharmaceuticals
Advice on valuation of pharmaceutical distribution agreements and licenses
Beach Petroleum v Malcolm Johnson
Oil and gas
M&A advice on takeover strategies and tactics and estimation of loss and damage
J & AG Johnston v Edward Cove
Food and beverage
M&A advice in relation to required disclosures by a target company
Moage (In Liquidation) v Jagleman
Oil and gas
Assessment of value of Claremont Petroleum and appropriate methodology for evaluating a takeover offer price
Health & Life Care (In Liquidation) v Price Waterhouse
Health care
Valuation of private hospitals and review of expert’s report prepared by Price Waterhouse
Fairfax debenture holders v Citibank
Newspapers
Valuation of the Fairfax businesses at the time of refinancing bank debt and issuing of debentures
Michael Gudinski Productions v News Corp
Entertainment
Valuation of shares in Mushroom Records
Macmahon Holdings v LJFT
Engineering
M&A advice in relation to required disclosures by a takeover bidder
Trade Practices Commission v Arnotts
Consumer products
Analysis of competition in the biscuit market including trading terms between Arnotts and grocery retailers in relation to an acquisition of Nabisco Brands