January 2018 – Summary

Written by Thomas Eckardt on 1st February, 2018 ·

Corporate

  1. TerraCom Limited (TerraCom) has made an accelerated non-renounceable entitlement offer on a 3 for 13 basis at $0.215 per share
    1. Ashurst, K&L Gates and Baker McKenzie
    2. The extra funds will allow the company speed up the construction of the Blair Athol rail line. Which in turn will allow it to deliver significantly more resources for the 2018 calendar year.
    3. Areas of Law: Energy & Resources, Corporate
  2. Toshiba has been advised on a share placement
    1. Clifford Chance
    2. External investment outside of Japan
    3. Areas of Law: Corporate
  3. Yarra Valley Farms and T&F All States have both been acquired by In2Food Group
    1. Minter Ellison, Norton Rose
    2. The acquisition of Yarra Valley Farms and T&F All States by a company based in South Africa is part of its strategy to grow its share of the high-end produce market in Australia
    3. Areas of Law: Corporate, Finance, Employment
  4. Billabong International Limited has been advised on its proposed acquisition by Boardriders
    1. Allens, Gilbert + Tobin
    2. As part of the transaction, it is proposed that Boardriders will acquire all of the shares in Billabong
    3. Areas of Law: Corporate

 

Finance

  1. Lover has been advised on its restructuring after the company went into voluntary administration
    1. K&L Gates
    2. The transaction has helped secure the future of Lover
    3. Areas of Law: Finance

 

Technology

  1. CanYa has been advised on Australia’s second largest Initial Coin Offering (ICO) via a crowdsale of its CAN token
    1. Piper Alderman
    2. CanYa raised $12 million in cryptocurrency Ether in this ICO, which is valued at over $20 million on current Ether prices – Crypotcurrency
    3. Areas of Law: Corporate, Commercial, Technology
  2. Afterpay has been advised on its placement of shares and convertible notes to Matrix Partners
    1. Baker McKenzie
    2. The released funds will be used partly to explore possible entry to the United States.
    3. Areas of Law: Corporate, Capital markets

 

Energy

  1. Chow Tai Fook Enterprises (CTFE) has acquired the Loy Yang B Power Station in Victoria
    1. Gilbert + Tobin, Herbert Smith Freehills, Allen & Overy
    2. Continued foreign investment into Australia
    3. Area of Law: Finance, Corporate
  2. UNSW has entered into a power purchase agreement (PPA) with the 200 megawatt (MW) Sunraysia Solar Farm
    1. Clifford Chance, Norton Rose, Hive Legal
    2. This transaction sees UNSW enter into a power purchase agreement (PPA) with the 200 megawatt (MW) Sunraysia Solar Farm, located near Balranald in south western NSW, owned and developed by Maoneng Australia. Origin will supply electricity to UNSW’s premises and “firm the volumes provided by the solar farm
    3. Areas of Law: Finance, Energy & Resources
  3. SPP noteholders and a bank club consisting of Westpac, Bank of China, ICBC and Mizuho have been advised on all aspects of a major Public Private Partnership (PPP) road project in Victoria
    1. King & Wood Mallesons
    2. The Western Roads Upgrade is Victoria’s largest single investment in arterial roads to date
    3. Areas of Law: Construction, Infrastructure
  4. Canadian Solar has been advised on an investment to Foresight Group in two large scale solar farms in Queensland
    1. Norton Rose
    2. the portfolio of solar projects comprises the 17MW Longreach Project, the 30MW Oakey 1 Project and the 70MW Oakey 2 Project. The Longreach and Oakey 1 projects are currently under construction and are expected to be connected to the grid during 2018
    3. Areas of Law: Energy and Resources