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The Star advised on expanded strategic partnership
The entertainment giant has been advised on an expansion of its strategic partnership and equity placement in order to enhance the value of its properties and businesses.
Jerome Doraisamy
Firm: King & Wood Mallesons (The Star Entertainment Group); HWL Ebsworth (Chow Tai Fook Enterprises (CTF) and Far East Consortium (FEC)).
In addition, the partnership involves a $490 million equity placement to CTF and FEC.
Value: $490 million in equity, in addition to other agreements.
Area: Mergers and Acquisitions.
Key players: The Brisbane-based KWM team was led by M&A partner Rhys Casey, who was supported by senior associate Isaac Evans and solicitors Akshay Naran and Heather Boulton.
Deal significance: Speaking about the deal, Mr Casey said it was a privilege for the firm to assist The Star on this “significant and strategically important” transaction.
“The transaction recognises the strength of The Star’s relationships with CTF and FEC and will further align the interests of CTF and FEC with the long-term growth aspirations of The Star,” he said.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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