Peter Warren’s $260 Million Initial Public Offering

Gilbert + Tobin advised the Peter Warren Automotive Group on its successful initial public offering and listing on the ASX.

Peter Warren raised $260 million giving the company a market capitalization of $483 million and an enterprise value of approx. $460 million making it the equal largest IPO so far this year.

Peter Warren is a group of automotive dealerships founded in 1958, operating 17 dealerships across Sydney, Northern New South Wales and Southern Queensland. It sells up to 30,000 new and used cars a year.

The G+T team was led by Corporate Advisory partner Rachael Bassil (Picture) and included Corporate Advisory lawyers Olivia Blakiston, Shananne Joyce, Callum Hinwood, Michelle Lee, Matt Coe, Kevin Zhou, Kim Nguyen and Mason Cohen. Real Estate + Property partner Amanda Hempel, special counsel Jo Bayes and lawyer Neville Mirza assisted on the property aspects of the transaction, with Technology + Digital partner Tim Gole and lawyer Meaghan Powell advising on the shared services arrangements.

Involved fees earner: Rachael Bassil – Gilbert + Tobin; Joanne Bayes – Gilbert + Tobin; Olivia Blakiston – Gilbert + Tobin; Matthew Coe – Gilbert + Tobin; Mason Cohen – Gilbert + Tobin; Tim Gole – Gilbert + Tobin; Amanda Hempel – Gilbert + Tobin; Callum Hinwood – Gilbert + Tobin; Shananne Joyce – Gilbert + Tobin; Michelle Lee – Gilbert + Tobin; Neville Mirza – Gilbert + Tobin; Kim Nguyen – Gilbert + Tobin; Meaghan Powell – Gilbert + Tobin; Kevin Zhou – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: Peter Warren Automotive Group ;

Author: Sonia Carcano