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King & Wood Mallesons and Freehills have advised on CHAMP Private Equity’s sale of its international energy services group to McAleese.
King & Wood Mallesons and Freehills have advised on CHAMP Private Equity’s sale of its international energy services group to McAleese.
Freehills advised the McAleese Transport Group on the deal, which involved the acquisition of the Australian, US and Singapore operations of the IES transport group, and the refinancing of the enlarged McAleese Group.
Freehills partner Peter Dunne led the acquisition team, supported by Shing Lo, Ben Richards and Jessica Selby.
The Freehills finance team was led by Hayley Neilson, supported by Jeremy Murnain, Amanda Lyras, Kelvin Choy and Allegra Day.
Hayley Neilson said that it was an interesting financing tailored to allow growth of the McAleese Group. It also demonstrated where intercreditor terms for mezzanine debt are heading in the Australian market.
The King & Wood Mallesons team was led by Mike Barker, Partner, M&A with key M&A other team members comprising Matt Coull and Ryan Thorne. On the banking side, Richard Hayes, Partner and James Mok, Partner with Will Stawell were the core King & Wood Mallesons banking team.
“The sale is an example of the strong relationship we have with our private equity clients and the cradle to grave model. King & Wood Mallesons advised CHAMP Private Equity on the original acquisition of International Energy Service in 2005. It has continued to advise CHAMP and the IES group all the way through its investment period, including on its various bolt on acquisitions, finance and any other related legal work culminating in the sale to McAleese,” said Barker.
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