Hamilton Locke advises on the sale of Triton Digital by The E.W.…
Hamilton Locke advised on the Australian elements of the sale by The E.W. Scripps Company (NASDAQ:…
Hamilton Locke advised CIMIC on its recent completion of the sale of 50% of Thiess, the world’s largest mining services provider.
The 50% sale implies an enterprise valuation of approximately $4.3 billion, based on 100% of Thiess, with the transaction generating cash proceeds for CIMIC of approximately $2.2 billion.
The Hamilton Locke team advised on all aspects of the acquisition financing for the sale. This included drafting and negotiating the six main facility agreements that funded the acquisition and establishing the debt funding and performance bond facilities for the new Thiess group on a stand-alone basis.
Commenting on the transaction, partner, Brad Allen said: “We were delighted to assist CIMIC in this significant strategic transaction, which allows CIMIC to reduce debt and provide capital to explore further growth opportunities. We are thrilled to have been a part of such an important milestone for the group and to support CIMIC in its growth endeavours”.
Hamilton Locke’s team was led by partner, Brad Allen who was closely supported by lawyer, Calyb Soekoe, as well as partners, Brendan Ivers and Zina Edwards, special counsel, Lauren Cloete, senior associate, Abigail Cowled, lawyer, Katrina Zivkovic, and lawyer, Alex McCullagh.