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HWLE gets to the nub of things in bolt-on acquisition

HWL Ebsworth has advised Coventry Group Ltd (ASX:CYG) on its $36 million 100% acquisition of Nubco. Founded in 1982, Nubco is the largest independent Tasmanian hardware and industrial supplier in the industrial segment with seven locations across the State. The acquisition was in part funded via a successful $27.6 million pro-rata accelerated non-renounceable entitlement offer, on … Read more


HWL Ebsworth acts for Coles Express on a new alliance partnership to position Coles as Australia’s leading convenience retailer

HWL Ebsworth has advised Coles Express on agreements to restructure the terms of its fuel and convenience alliance with Viva Energy Limited (Viva). Coles Express is one of Australia’s largest fuel and convenience retailers, with approximately 685 sites across Australia, employing more than 5,000 team members. The parties agreed to extend the alliance until 2029. … Read more


HWL Ebsworth acts for McWilliams Wines Group on recapitalisation transaction with Margaret River Wine Production and Laguna Bay

HWL Ebsworth has advised McWilliam’s Wines Group on its recapitalisation transaction with Margaret River Wine Production (MRWP) and agricultural fund manager, Laguna Bay. The recapitalisation transaction involved debt and equity investments by Laguna Bay into MRWP and the issue by McWilliams of convertible notes to MRWP. The funds will be used by McWilliams primarily for … Read more


HWL Ebsworth helps write the script for global athlete media merger

HWL Ebsworth has advised Unscriptd on its sale to The Players Tribune, Inc (TPT). The transaction completed on 30 November 2018 with Unscriptd receiving an undisclosed percentage of the share capital in TPT. Unscriptd is a leading global athlete media & technology business that was founded in 2014. Unscriptd enables athletes to be better publishers … Read more


HWL Ebsworth advises on the IPO of 1414 Degrees

HWL Ebsworth acted for 1414 Degrees Ltd (ASX:14D), on its $16.3 million IPO and ASX listing, with trading of 14D shares commencing on 12 September 2018. Adelaide-based 1414 Degrees owns a patented Thermal Energy Storage System that utilises temperatures of up to 1414ºC and the latent heat properties of silicon to store and recover heat and … Read more


HWL Ebsworth advising Hong Kong Consortium led by Mason Group to acquire IVF provider Genea Limited by scheme of arrangement

HWL Ebsworth is advising the consortium led by Hong Kong listed Mason Group Holdings Limited, together with strategic investors, Aldworth Equity Management Limited, WeDoctor Holdings Limited (WeDoctor) on the proposed acquisition of 89.5% of Australia’s leading IVF provider, Genea Limited (Genea). Genea is Australia’s third-largest reproductive services provider. WeDoctor (which is backed by technology giant Tencent) is … Read more


Foreign Financial Service Providers – Extension of ASIC Licensing Relief and Consultation

The Australian Securities and Investment Commission (ASIC) has made seven class orders that conditionally exempted foreign financial service providers (FFSP) from the requirement to hold an AFS licence where they are regulated under overseas regulatory regimes that ASIC has assessed as sufficiently equivalent to the Australian financial services regimes (Sufficient equivalence relief). The relevant class … Read more


HWL Ebsworth advises Chow Tai Fook Enterprises and Far East Consortium on major placement

HWL Ebsworth has advised Hong Kong based companies Chow Tai Fook Enterprises Ltd (CTF) and Far East Consortium International Ltd (FEC) on their $490 million share subscription agreement and strategic alliance agreement with The Star Entertainment Group Limited (The Star). Under the subscription agreement, CTF and FEC each subscribed for 45.8 million shares in The … Read more


HWL Ebsworth advising AC3 on its $25 million acquisition of Bulletproof

HWL Ebsworth is advising cloud specialist, AC3, an Australian owned IT services company, on the buyout of listed company Bulletproof (ASX:BPF). The offer of 15.2 cents per share and is via Scheme of Arrangement, subject to Bulletproof shareholder and court approvals. AC3’s offer is 38 per cent higher than rival bidder Macquarie Cloud Services who … Read more