DLA Piper lines up major resources deals

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DLA Piper’s corporate and finance and projects lawyers have lined up three major deals for the global giant.

The firm is advising Alliance Mineral Assets, Atlas Iron, and Pacific Energy on multi-million-dollar deals across Australia.

SGX-listed Alliance Mineral Assets is merging with ASX-listed Tawana Resources NL via a scheme of arrangement to create a combined firm with about $446m in pro-forma market capitalisation. Tawana will become a wholly-owned Alliance subsidiary and the merged company will seek to be dual-listed on the ASX and the SGX. The merger is expected to create a sizeable producer of lithium concentrate, which is highly sought after because of demand for the production of batteries in smartphones and electric cars.

The firm’s team on the deal is being led by Perth-based corporate partner Scott Gibson with senior associate Michael Ng, and solicitors Chris Bailey and Stephen Waddington. Gibson and Ng are also acting on a $25m capital raising that’s currently in the works.

Finance and projects partners Alex Regan and Rhys Davies, with solicitors John Flynn and Lydia Brisbout, advised on the previously announced $13m debt facility for the deal.

DLA Piper is also Atlas Iron’s law firm of choice in its scheme-of-arrangement merger with Mineral Resources. The deal values Atlas at $297.6m.

Perth-based corporate partners Michael Bowen and Gibson are leading the team, which also includes special counsel Hedley Roost, senior associate Cameron Bill, and solicitor Sarah Fay.

The global firm is also acting for Pacific Energy on its $90m acquisition of Contract Power Group. The deal consists of $85m in cash consideration and $5m in Pacific Energy shares.

Bowen is leading the firm’s team on the deal, with support from Roost, Ng, and solicitor Kirsty Hall. Regan is advising on the debt facility for the deal’s financing.

 

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