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ANZ advised on $90m acquisition
Gilbert + Tobin has advised ANZ Bank on an acquisition and portfolio financing facility for CleanPeak Energy and FSI JV worth $90 million.
Emma Musgrave
Firms: Gilbert + Tobin (ANZ Bank); King & Wood Mallesons (CPE Renewable Investment Unit Trust)
Value: $90 million
Area: M&A, finance
Key players: Gilbert + Tobin banking and infrastructure partner Simon Lynch led the team advising ANZ Bank, with support from lawyers William McCann and Hannah Bragge, and graduate Stephen Powell.
Deal significance: According to a statement from G+T, the financing “not only enables CPERI to diversify its business but also provides committed funding for further projects, with a focus on integrated rooftop solar and batteries, and embedded networks within energy-efficient building”.
This includes the landmark Central Park development close to Sydney’s Central Station, as well as plants at Qantas’ Mascot office precinct and the Tonsley Innovation District in Adelaide, it noted.
“G+T supported ANZ in structuring a financing package that included taking security over a wide and diverse range of assets across multiple sites in Australia. This required a detailed analysis of CPERI’s portfolio and the key revenue contracts underpinning its business,” it said.
“G+T was able to negotiate and successfully implement a facility structure that gives CPERI the flexibility to continue its impressive growth, whilst at the same time maintaining ANZ’s robust lending position.”
Commenting further, lead partner Simon Lynch said: “We are delighted to have advised ANZ on structuring the financing facility for CPERI which was integral to the company being able to pursue its strategic acquisition and future growth plans”.
“The commitment from ANZ to support CPERI with a robust and responsible lending package is a testament to its continued investment behind some of Australia’s leading energy businesses and helping support innovation and clean energy generation.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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