Baker McKenzie advised Gresham Private Equity Limited and its associated entities who held a 9% stake in Ausdrill Limited on the black trade.
The $90 million sale was awarded to JP Morgan who agreed to fully underwrite the sale at the closing price without any discount.
Gresham Private Equity Limited operates as a mid market private equity fund manager. The Company focuses on leveraged buy-out opportunities.
Ausdrill Limited, doing business as Perenti Global, provides specialist drilling services. The Company operates drill, blast, and exploration rigs and its services include contract drilling and blasting, exploration drilling, ground support, contract open pit mining and earthmoving, mining equipment supplies, and logistics management.
The Baker McKenzie team was led by Craig Andrade (Picture) and included Matthew De Cataldo.
Law Firms: Baker McKenzie;
Clients: Gresham Private Equity Limited;