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Acciona advised on acquisition of Lendlease's Engineering business
Global sustainability business Acciona has been advised on its $180 million acquisition of ASX-listed Lendlease’s Engineering business.
Jerome Doraisamy
Source: facebook.com/pg/ACCIONA.English/photos/?ref=page_internal
Firm: Clayton Utz (Acciona).
Area: Corporate.
Value: $180 million.
Key players: The CU team was led by partner Michael Linehan, who was supported by special counsel Quentin Reidy, senior associate Claire McKenzie, as well as other specialist lawyers, the firm said.
Deal significance: The acquisition is expected to complete in the first half of 2020, subject to conditions and regulatory approvals. Acciona will acquire the engineering business excluding the NorthConnex, Kingsford Smith Drive and Melbourne Metro projects.
Speaking about the deal, Mr Linehan said: “This is a significant transaction for both our client and Lendlease, and involved particularly complex aspects. The transaction involved a team effort from many different disciplines, from both within Acciona and Clayton Utz.”
“It was a joy to work with the Acciona team, and we are proud to have helped Acciona in its successful negotiations to achieve this outcome. We look forward to being able to continue to work with Acciona as it continues to grow its Australian business operations,” he said.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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