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Travel group SeaLink has been advised on a capital raise and its acquisition of Transit Systems Group.
Source: sealinktravelgroup.com.au/gallery/
Firm: Kain Lawyers (SeaLink).
Area: M&A.
Value: $698 million acquisition and $154 million capital raise.
Key players: The Kain team was led by James Burchnall (M&A and capital raise) and Michael Garry (debt), who were assisted by Tim Hall, Sarah Chia, Brian Vuong and Sara Ucci (M&A); John Kain, Alyce Ricciardi and Scott Hunt (ECM); and Michael Chrisohoou and Max Jamieson (debt).
Deal significance: In a statement, the firm said that the transaction will create one of Australia’s largest multi-modal transport providers with established international operations.
“We are proud to have led this very important deal for SeaLink. We’ve worked with the SeaLink team on several transactions over the years but none more significant to their business than this one. We understood what they wanted to achieve from the outset and never deviated from their commercial objective,” said Mr Burchnall.
“We’re excited to see what the future holds as they continue to grow as one of Australia’s tourism and transport leaders.”
SeaLink Travel Group CEO Jeff Ellison added: “Kain put together an outstanding deal team led by James and Michael. This is a significant deal for SeaLink, one which substantially enhances our business and we couldn’t have been in better hands. James and his team were proactive in their approach and execution and were available to us 24/7 to get the job done.”
"We’ve worked with Kain for a number of years. Their team are market leaders in the public markets, M&A and debt financing space. They understood what we wanted to achieve from the deal, guided us through each stage, and worked tirelessly to achieve this exceptional outcome.”
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.
You can email Jerome at:
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Jerome Doraisamy
