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Michael Dodge

About Michael

Michael Dodge has extensive commercial law experience across the entire corporate lifecycle. He has acted on the full range of fundraising transactions both debt and equity from seed and growth funding through to IPO. Michael's experience also encompasses debt and equity transactions in secondaries markets. Michael has also been involved in mergers, acquisitions and exits from investments through IPO and trade sales.

Recommended for Commercial Law in Australia

The Best Lawyers™ in Australia 2018

Michael's breadth of experience makes him ideally placed to work on corporate reconstructions, in which the entire capital structure (both debt and equity) is being reshaped. Examples of Michael's work in this area include the reconstructions of Centro and Nine Entertainment which were both successfully returned to the ASX.
 
Michael has acted for companies across a broad range of market sectors including technology, retail, mining, property, industrials and infrastructure.

Practice focus

Michael is a member of the firm’s commercial & corporate groups. His practice focuses on the following areas:
  • capital and debt raisings including private raisings and IPOs;
  • mergers and acquisitions transactions;
  • corporate reconstructions including “debt for equity” transactions;
  • private equity and venture capital transactions;
  • development and commercialisation of business opportunities; and
  • technology and intellectual property.

Experience

Michael has acted for a range of publicly listed and private clients on the following matters:

  • the IPO of Catapult International (ASX:CAT): in the development of its leading global sports analytics business;
  • Nine Entertainment on behalf of the senior lenders, including the hedge funds Apollo and Oaktree: in the restructure of Nine Entertainment, which saw the senior and mezzanine debt of $3.4 billion that was owed by Nine Entertainment being exchanged for a cash payment and all of the equity in the media group;
  • US Noteholders: in relation to their position as unsecured lenders to Centro and the development and execution of the stabilisation plan which involved the creation of a hybrid debt instrument;
  • International investment funds: in relation to their position as the acquirers of the Centro headstock debt and the development of an aggregation plan to reorganise and simplify the Centro group;
  • US Noteholders: in relation to their position as unsecured lenders to Elders and in the restructure of Elders resulting in the repayment of the US private placement debt;
  • US Noteholders: in relation to the purchase of notes issued by a number of Australian issuers including Lend Lease, Stockland and Australand;
  • Phosphagenics Limited (ASX:POH): in the development and global marketing of its proprietary drug delivery system;
  • Better Place: in relation to the establishment in Australia of its business of providing infrastructure to support electric motor vehicles;
  • ANZ Bank and the receivers it appointed: in relation to the receivership of Feltex Carpets and the subsequent sale of the Feltex business to Godfrey Hirst for $122 million;
  • the administrators of Ansett Airlines: in relation to the IT and intellectual property issues arising from the collapse of this major Australian airline and the proposed sale to the Tesna syndicate;
  • ANZ Banking Group: in its acquisition of shares in McWilliams Wines. This equity injection was used to fund the expansion of the McWilliam’s Wines business. McWilliams Wines acquired the business of Evans & Tate Group, which had been placed in receivership;
  • Bison Capital, a US private equity firm that specialises in making growth equity investments in public and private companies: in its acquisition of a 13.8 per cent stake in Royal Wolf Australia, the largest provider of new and refurbished shipping containers in Australia. The transaction was undertaken across two closings to allow General Finance Corporation, a publicly listed company based in Pasadena, California, to acquire the balance of the company;
  • Cendant TDS, a travel distribution service and Fortune 500 corporation: in its acquisition of Flairview Travel, Asia-Pacific’s leading wholesaler and specialist distributor of hotel room inventory over the internet;
  • the shareholders of Request Broadband: in its acquisition by PowerTel. Request is an infrastructure-based broadband carrier specialising in business-grade broadband networking services. PowerTel is the third-largest fixed infrastructure telecommunications provider in Australia;
  • Becker Underwood: in its acquisition of a majority interest in Bio-Care Technology;
  • SAM Sustainability Private Equity LP: in relation to its investment in financing for Agrilink International. Agrilink is a leader in irrigation water management, precision farming and crop management;
  • the equity underwriters of the Melbourne City Link project: in the AUD$1.8 billion BOOT project;
  • Gandel Retail Trust: in relation to the largest public listing of shopping centre assets in Victoria, encompassing AUD$1.2 billion in property;
  • BTR Nylex and Visy Group: in their successful $1.7 billion joint takeover of ACI Ltd;
  • Bell Group: in its takeover offers for BHP Ltd and The Herald & Weekly Times Ltd;
  • Dor Chemicals Limited: in the AUD$60 million acquisition of Shorko Australia;
  • Commonwealth Bank and Commonwealth Financial Services: in relation to the bank’s equity participation in the successful AUD$2.35 billion tender for the Hazelwood Power Station.
  • QIW: in its successful takeover of Composite Buyers Limited and QIW’s subsequent takeover by Davids Limited;
  • Bank of Melbourne Limited: in its AUD$700 million acquisition of the Victorian operations of Challenge Bank Limited and in Bank of Melbourne’s AUD$1.44b merger with Westpac Banking Corporation;
  • Iatia Limited: in relation to ongoing legal advice, including strategic commercialisation advice and listing on the ASX;
  • Radware, Magic Software, Gilat Satellite Networks and ECI Telecom: in relation to ongoing advice in respect of the Australian operations of these Nasdaq-listed companies; and
  • various bidders: in relation to multi-billion dollar takeover bids for BHP and ACI.

Recognition & publications

Take a look at Insights & News articles referencing Michael Dodge.