Melbourne, 31 August 2005 – LAWFUEL – The Law News Network – Blake Dawson Waldron (BDW) is advising Perth-based power utility Alinta on its A$900 million IPO of Alinta Infrastructure Holdings (AIH).
The IPO is one of the largest floats of the year. AIH is expected to have a minimum enterprise value of A$2 billion and will involve a triple stapled security structure. AIH will own the utility infrastructure assets that Alinta purchased from Duke Energy in April 2004. Alinta will hold a strategic shareholding of at least 20% in AIH immediately following the IPO.
The BDW team advising Alinta was headed by Marie McDonald in Melbourne and Roger Davies in the firm’s Perth office. The national team from practice groups across the firm advised on all aspects of the IPO, including due diligence, ongoing contractual arrangements, preparation of the offer document and underwriting arrangements.
Joint M&A practice head, Marie McDonald said: “We are extremely pleased to be involved in this very significant IPO. We advised Alinta on the original acquisition of the assets in 2004 and are delighted there has been such a successful outcome for Alinta”.
Roger Davies added: “This IPO was a great challenge, involving a combined prospectus/product disclosure statement and complex ongoing contractual arrangements. In a short period we managed to complete the documentation which required a highly coordinated legal team across a range of disciplines”.
BDW worked very closely with Alinta’s General Counsel, Murray King, and AIH’s Company Secretary, Yasmin Broughton, on all phases of the transaction.
The BDW team included Roger Davies, Jon Carson, Lisa Szabo and Antonella Pacitti (Perth), Marie McDonald, Cam Johnston, Joy Hooker, Nick Terry, Darren Mackenzie, Amelia Tooher, Jamii Quoc, Kate Orchard (Melbourne), Sarah Dulhunty, Bill Cannon, Matt Anderson, Andrew Moore (Sydney) and Simon Brown (Brisbane).