You have 0 free articles left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Advertisement
Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Firms finalise Wesfarmers US$100 million energy deal

One of Australia’s largest listed companies has made its first investment in the upstream oil and gas sector, with help from Gilbert + Tobin and Allens.

user iconFelicity Nelson 30 June 2015 Big Law
Little-Justin
expand image

Firms: G+T (Wesfarmers); Allens (Macquarie Capital)

Deal: Wesfarmers agrees to acquire a 13.7 per cent interest in Quadrant Energy Holdings.

Value: US$100 million

Area: M&A

Key players: Partner Justin Little (pictured) and special counsel Mindy Bonomelli led the Perth team advising Wesfarmers on the acquisition.

Deal significance:

Brookfield Asset Management Inc and Macquarie Capital recently acquired Apache Corporation’s domestic oil and gas assets in Western Australia for US$2.1 billion, each holding an initial 50 per cent interest in Quadrant Energy.

Wesfarmers has invested US$100 million to acquire a 27.4 per cent interest in a special-purpose vehicle in which Macquarie Capital holds its interest, representing the 13.7 per cent interest in Quadrant Energy.

Tags
You need to be a member to post comments. Become a member for free today!