EG Group’s AU $1.7 Billion Acquisition Of Woolworths’ petrol stations

Clifford Chance has advised multinational investment bank and financial services company Barclays on the financing for the AU$1.7 billion acquisition by EG Group of Woolworths’ petrol stations.

The deal represents UK-based EG Group’s first significant entry into Australia. The financing was arranged by Barclays as “lead left”, with Deutsche Bank and UBS acting as the other arrangers and lead managers.

Australia Managing Partner Richard Gordon (Picture) led a cross-border team comprising London partner Jim MacHale, Sydney counsel Alastair Gourlay, senior associate Alex Sorgese, associates Victor Greenstreet and Katherine Dickson (SYD), and London associates Neil Cavanagh and Jonathan Price.

Involved fees earner: Jim MacHale – Clifford Chance; Neil Cavanagh – Clifford Chance; Katherine Dickson – Clifford Chance; Richard Gordon – Clifford Chance; Alastair Gourlay – Clifford Chance; Victor Greenstreet – Clifford Chance; Jonathan Price – Clifford Chance; Alexander Sorgese – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Barclays Bank;

Author: Michael Patrini