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The entertainment giant has been advised on an expansion of its strategic partnership and equity placement in order to enhance the value of its properties and businesses.
Firm: King & Wood Mallesons (The Star Entertainment Group); HWL Ebsworth (Chow Tai Fook Enterprises (CTF) and Far East Consortium (FEC)).
In addition, the partnership involves a $490 million equity placement to CTF and FEC.
Value: $490 million in equity, in addition to other agreements.
Area: Mergers and Acquisitions.
Key players: The Brisbane-based KWM team was led by M&A partner Rhys Casey, who was supported by senior associate Isaac Evans and solicitors Akshay Naran and Heather Boulton.
Deal significance: Speaking about the deal, Mr Casey said it was a privilege for the firm to assist The Star on this “significant and strategically important” transaction.
“The transaction recognises the strength of The Star’s relationships with CTF and FEC and will further align the interests of CTF and FEC with the long-term growth aspirations of The Star,” he said.
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
