Paul is a corporate lawyer specialising in mergers and acquisitions, equity capital markets transactions and all aspects of corporate law.
Paul acts for ASX-listed entities and professional investors in relation to their complex transactions and also advises on their regulatory compliance and corporate governance issues.
Paul has experience across a range of industries, with particular expertise in the resources, mining services and mining technology sectors.
Paul is the national Practice Group Head for our Corporate and Finance Practice Group.
Advised Perenti on multiple acquisitions and disposals, capital raisings and corporate governance matters including its A$697 million acquisition of Barminco (and associated A$250 million equity raising); its A$165 million acquisition of the Best Tractor Parts Group; its A$60 million acquisition of Brandrill (ASX:BDL) by scheme of arrangement; its A$66 million disposal of Drilling Tools Australia to Robit; its A$44 million disposal of MinAnalytical Laboratory Services to ALS (ASX:ALQ); its defence of a hostile A$485 million takeover offer from an ASX- listed competitor; on the establishment of its 'technology driven mining' division (idoba) and related acquisitions; on Sumitomo Corporation's acquisition of a 10% stake in idoba at an enterprise value of A$80 million; and on various capital raisings which raised a combined total of over A$600 million.
Advised on its transaction with PT Amman Minerals involving the acquisition of A$194 million of mining equipment in exchange for a controlling stake in Macmahon and the award of a A$3.9 billion mining services contract in Indonesia; on its acquisition of underground mining contractor GBF Group; and on its acquisition of civil construction contractor TMM Group.
Advised on its acquisition of Millennium Minerals from IMC Resources for total cash and scrip consideration of approximately A$150 million, and on Australian aspects of associated equity and debt raisings.
Advised on various equity raisings, including accelerated entitlement offers, share purchase plans and placements of shares and options to raise a combined total of over A$270 million.
Advised on the acquisition of Boeing’s aerospace maintenance, repair and overhaul (MRO) capability based in Tullamarine, Victoria; and on its investments in unmanned aerial vehicle companies Swoop Aero and Carbonix.
Advised on the sale of the Eloise Copper Mine to AIC Mines (ASX:A1M) for cash plus a 26% holding in AIC Mines; and on the sale of 70% of Barminco to Gresham Private Equity.
Advised on the recommended A$114 million takeover proposal from LNG-9; on its proposed re-domicile to the US by way of scheme of arrangement transaction involving a holding company to be listed on NASDAQ; and on various capital raisings to raise a combined total of over A$200 million.
Advised Senrigan Capital on its successful Takeovers Panel proceedings in relation to the US$2.3 billion subordinated capital note offering by Yancoal (ASX:YAL) and on its challenge to Yancoal’s 23.6 for 1 renounceable entitlement offer and placement to raise up to US$2.5 billion. Advised Eastern Field Developments on the multiple Takeovers Panel proceedings regarding Finders Resources (ASX:FND) and the subsequent Federal Court judicial review proceedings.
Advised various institutional investors on investments in convertible notes and options in entities including Sundance Resources (ASX:SDL), REVA Medical (ASX:RVA) and TerraCom (ASX:TER) and on subsequent restructures of those convertible notes and options.
How can novel structuring and proper care achieve security for payment in scrip transactions?