KKR sale of stake in Seven Media Group to West Australian Newspapers – 4,100
Firm: Baker & McKenzie
Lead Lawyers: Mark McNamara, Julie Hutton, David Holland, Tim Sherman
Client: Kohlberg, Kravis, Roberts & Co
Firm: Allens Arthur Robinson
Lead Lawyers: Guy Alexander, Tom Story
Client: West Australian Newspapers Holdings Limited
Firm: Freehills
Lead Lawyers: Fiona Gardiner-Hill, Rebecca Maslen-Stannage and Damien Hazard
Client: Seven Media Group
Firm: Mallesons Stephen Jaques
Lead Lawyers: Evie Bruce, Nigel Hunt, Daniel Kirk
Client: Underwriters to the capital raising UBS and JP Morgan
• This sale involved West Australian Newspapers acquiring the stake in the Seven Media Group. The combined group will be known as Seven West Media (ASX:SWM)
• Freehills has been legal adviser to the Seven Media Group since the original merger of Seven’s television, magazine and on-line businesses in 2006
• Baker & McKenzie has also advised KKR on its 2008 acquisition of First Data Corporation, First Data, at the time a public company, was acquired for $34 per share before becoming a private company
• Mallesons has advised UBS, which it considers a relationship client, in transactions including OneSteel’s $545 capital raising and the underwriting of the Australand Property Group’s $475m entitlement offer from 2009. It has also advised JP Morgan on transactions, including the Campbell Brothers capital raising worth $197m
Sale of Redflex to Carlyle Group and Macquarie Group consortium - $340m
Firm: Gilbert + Tobin
Lead Lawyer: Bryan Pointon
Client: The Carlyle Group
Firm: Latham & Watkins
Lead Lawyers: Ted Sonnenschein, Eric Schwartzman
Client: Carlyle Group (US Counsel)
Firm: Corrs Chambers Westgarth
Lead Lawyer: Braddon Jolley
Client: Macquarie Group
Firm: Minter Ellison
Lead Lawyers: Alberto Colla
Client: Redflex
• This deal is expected to close by June 2011 and is the Carlyle US Growth Fund’s first Australian investment. Redflex is a leading road safety company, which owns and operates the largest network of digital speed and redlight cameras globally
• Gilbert + Tobin recently advised relationship client The Carlyle Group and TPG Capital (TPG) on the financing and corporate (Carlyle only) aspects of its $2.7bn acquisition of Healthscope. This is in addition to advising Carlyle on acquiring Coates Hire and merging it with National Hire, in a $3bn transaction in 2007
• Corrs Chambers Westgarth also considers the Macquarie Group a relationship client and advises mainly in relation to tax matters
• Minter Ellison has a close relationship with Redflex, which it advised in 2005 when the company won a contract to supply voice communications to the US Flight Services Stations 21st Century project. Over the past two years it has also advised Redflex on a series of commercial and corporate transactions