David Beckett

Partner
+61 7 3002 2517
+61 423 822 647

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David is a banking and finance lawyer specialising in leveraged, acquisition and corporate finance.

He has significant experience advising on complex syndicated, club and bilateral financing arrangements including domestic and cross border leveraged and private equity transactions, acquisition finance, general corporate finance and debt restructurings. He also has experience in project financing.

David is recognised as one of Australia’s leading lawyers in the areas of Banking and Finance law and Structured Finance law by Best Lawyers Australia.

Leveraged Finance (Australia)

  • Archer Capital: acting in relation to its senior leveraged debt facilities for its acquisition of Aero-Care Group, LCR Group and Lend Lease’s Prime Life Aged Care portfolio.
  • CHAMP Ventures: advising on the senior leveraged debt facilities for its acquisition of the SeaSwift business.
  • Helmsman Capital: advising on its senior leveraged debt facilities in relation to the ForceCorp Group.
  • Commonwealth Bank of Australia: advising in respect of its senior leveraged financing of:
    • Crescent Capital Partners’ acquisition of the Breezway Group.
    • NBC Capital’s acquisition and expansion of the Fenix Fitness Group.
    • Helmsman Capital’s acquisition of the All Trades Queensland Group.
  • Advised lead arrangers comprising ABN Amro, ANZ, Calyon, Mizuho, Sumitomo Mitsui and Westpac on the senior acquisition debt funding to the Carlyle/National Hire consortium in its $2.8 billion public to private and merger (by scheme of arrangement) of Coates Hire.

Leveraged Finance (European experience)

  • Advising lead arrangers Goldman Sachs International and HSBC Bank on Hellman and Friedman Capital Partners’ acquisition of the Gartmore Group (one of the United Kingdom’s leading funds management firms).
  • Advising J.P. Morgan PLC and Mizuho Corporate Bank Ltd as lead arranger/mezzanine arrangers on Montague Private Equity’s acquisition of various European, North American and Pacific group entities of BSN Medical Management.
  • Advising Kohlberg Kravis Roberts (KKR) and Permira in relation to the senior and mezzanine financing of its acquisition of SBS Broadcasting, S.A.
  • Advising Mizuho Corporate Bank Ltd as lead senior arranger and mezzanine arranger in respect of the acquisition by Hg Capital of European, Australia and US businesses of Schenck Group.

Corporate Finance

  • Watpac: advising in relation to all aspects of its senior finance facilities.
  • AP Eagers: advising in relation to all aspects of its senior facilities.
  • Suncorp: advising relation to the restructure and refinancing of the property development facilities to LM Investments Limited (LM Arrowtown).
  • ANZ: advising on its +$400 million corporate and acquisition facilities to the Inghams Group.

E&R and Property Finance

  • Stanmore Coal: advising on its Wiggins Island Coal Export Terminal infrastructure financing requirements.
  • Wesfarmers Curragh: advising on its allocation of coal capacity (and investment) in the Wiggens Island Coal Export Terminal.
  • Macarthur Coal: advising Macarthur Coal (prior to its purchase by Peabody Coal) on all aspects of its +$450m club financing and the financing for its Middlemount joint venture.
  • SilverNeedle Group: advising on acquisition and redevelopment financing for the Chifley Hotel Brisbane.
  • Advised numerous Singaporean, Hong Kong and South Korean property investment vehicles on acquisition financing of their large scale residential and resort property developments in Far North Queensland and on Queensland’s Gold Coast.

Recognition

  • Listed as a leading lawyer in Banking & Finance and Structured Finance Law - Best Lawyers Australia 2017 - 2018
  • Listed as a leading lawyer in Project Finance & Development Practice - Best Lawyers Australia 2018

Qualifications

  • Bachelor of Laws (Honours), University of Wollongong
  • Bachelor of Commerce, University of Wollongong

Memberships

  • Supreme Court of NSW
  • Banking and Financial Services Law Association member
  • AVCAL member

International experience

  • Spent two years as a senior member of the London leveraged finance team of a magic circle firm.