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King & Wood Mallesons has advised Deloitte’s turnaround and restructuring team, the voluntary administrator of Clough Group, on the successful restructuring and sale of the Australian Clough business to global construction player Webuild.
Firm: KWM (Deloitte)
Area: Restructuring and insolvency
Value: $35.9 million
Key players: The KWM team was led by partners Samantha Kinsey, Juliana Jorissen, Mark Vanderneut, Sam Dundas, Travis Toemoe, Darren McClafferty, Judith Taylor, Ruth Rosedale, Phil Willox, Sean Field, Scott Bouvier and Simone Menz and supported by a large team of senior associates and solicitors, including Tom Harrison, Mike Salvaris, Tom Monotti, Sarah Lethlean, Zoe Kaesehagen, Campbell Burns-McRuvie, Matt Caldow, Patrick Mackenzie, Georgia Cowley, Felicity Minchin, Jack Anderson, Andrew McLeod, Caitlin Babington and Darcy Harwood.
Deal significance: Ms Kinsey said: “We’re incredibly proud to have supported Deloitte and Clough on this significant engagement.
“This engagement has collectively saved over 1,000 jobs, secured a future for various projects that are critical to the energy security of this country and provided an iconic Western Australian business with the opportunity to enjoy a prosperous future.”
Ms Kinsey went on: “This restructure and sale has been made possible with the support of Clough management, sureties, project principals, joint venture partners and other key stakeholders. We thank all of these stakeholders and their advisers for their collaboration and support.”
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
