Origin Energy’s $58 Million Acquisition of OC Energy


Clayton Utz advised Origin Energy on the deal

Under the deal terms, Origin Energy will pay $58 million comprising an upfront payment of $33 million and deferred payments of $25 million. The acquisition is expected to complete this quarter.

Origin Energy Limited is an integrated energy company. The Company, led by Frank Gerard Calabria, Lawrie Tremaine and Shane Thatcher is an energy retailer in Australia across electricity, gas and LPG. In 2018 Origin Energy recorded $14.604 Billion revenues.

Clayton Utz advised Origin Energy with a team including Samy Mansour (Picture), Emma Covacevich, Simon Brady, Michael Corrigan and Faith Taylor, Andrew Lassman, Qasim Rasool and Michael Beukelman.

Involved fees earner: Simon Brady – Clayton Utz; Michael Corrigan – Clayton Utz; Emma Covacevich – Clayton Utz; Samy Mansour – Clayton Utz; Faith Taylor – Clayton Utz;

Law Firms: Clayton Utz;

Clients: Origin Energy Ltd;

Author: Michael Patrini