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SRG Global completes acquisition of WBHO Infrastructure
Global asset services company SRG has been advised on its acquisition of WBHO Infrastructure, which was in administration.
Jerome Doraisamy
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Firm: Herbert Smith Freehills and PwC (SRG); Deloitte and King & Wood Mallesons (administrators)
Deal: SRG has acquired WBHO for net consideration of $15.2 million, which was undertaken by way of a deed of company arrangement (DOCA) that included a transfer of the shares of WBHOI to SRG Global Civil Pty Ltd (a subsidiary of SRG). The DOCA was approved by WBHOI’s creditors at the creditors’ meeting on 30 March 2022.
Completion of the acquisition occurred on 31 March 2022.
Area: Restructuring
Value: $15.2 million
Key players: The HSF team was led by partner Paul Apáthy, who was supported by partner partners Paul Branston and Frank Poeta, senior associates James Kirkpatrick, Sevan Gore and Jenny Allpike and solicitors Angus Dick, Frances Hewitt, Joseph Dean, Eleanor Lau and Jonathan Wu.
Deal significance: Speaking about the transaction, Mr Apáthy said: “We are very pleased with the outcome of this transaction. The acquisition sees the continued operation of WBHOI under new ownership and, importantly, the continued employment of all of WBHOI’s 275 Western Australian employees.”
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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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