Scott Phillips practices in corporate transactions law with a particular focus on listed company mergers, demergers and acquisitions, public and private capital raisings and shareholder activism.
Recommended for Mergers and Acquisitions in Australia
Scott’s experience spans a wide range of commercial transactions including:
- private company sales and acquisitions, listed company takeovers, and schemes of arrangement
- initial public offerings and secondary equity and hybrid raisings, and
- shareholder activism and all aspects of corporate governance.
Scott has acted in a range of corporate transactions and commercial matters, including some of Australia’s largest and most interesting corporate transactions:
- Acquisition of the Australian Community Media and printing business from Nine Entertainment by a consortium controlled by Antony Catalano and Thorney Investment Group
- The sale of Dial-A-Dump Industries (DADI) by its shareholders to ASX listed Bingo Industries for $577.5 million
- Acquisition of a stake in North Queensland Airports (owner of Cairns and Mackay Airports) by Perron Group and The Infrastructure Fund from Auckland International Airports
- carsales.com in relation to its agreement to purchase the remaining 50.1 per cent of SKEncar.com, South Korea’s number one online auto classifieds business, for a consideration of KRW205 billion (approximately A$244 million). The transaction takes carsales’ ownership and control to 100 per cent, following its prior acquisition of a 49.9 per cent interest in the on-line assets of SK Encar in 2014, and
- RARE Infrastructure Limited in relation to the sale of a majority stake in the privately owned infrastructure fund manager to Legg Mason.
- ARA Asset Management, a leading Asia Pacific real estate funds manager: on its unsolicited $511 million proportional off-market Chapter 6 takeover offer of ASX listed Cromwell Property Group , including associated Takeovers Panel proceedings
- QGold on its funding and compulsory acquisition of ASX listed Queensland gold explorer Strategic Minerals Corporation, including associated Takeovers Panel proceedings
- Medical Properties Trust (MPT) on the acquisition of $1.25 billion of hospitals from Australian private hospital operator Healthscope contingent on and as a key pillar of Brookfield Capital Partners’ $4.5 billion scheme and takeover offer for ASX-listed Healthscope – winner of The Australasian Law Awards’ 2020 ‘M&A Deal of the Year’ and ‘Australian Deal of the Year’
- Westfield Group in relation the demerger of Westfield Retail Trust and the subsequent re-merger and then demerger into Scentre Group and Westfield Corporation – the latter was the Australian Law Awards 2015 M&A ‘Deal of the Year’ and overall ‘Deal of the Year’
- Australian Industrial REIT in the takeover by 360 Capital’s listed industrial fund, and
- Australand in relation to the takeover by Frasers Centrepoint.
IPOs/Equity capital markets
- Redcape Hotel Group in relation to its IPO and ASX listing
- Charter Hall Long WALE REIT in relation to its establishment, IPO and ASX listing
- Australian Industrial REIT in relation to its establishment, IPO and ASX listing and multiple secondary equity raisings
- Medibank IPO and ASX listing: in relation to the Australian Law Awards 2015 Equity Market ‘Deal of the Year’
- Fonterra Shareholders Fund in relation to the trans-Tasman IPO and dual NZX/ASX listing of the Fonterra Shareholders’ Fund – the Australian Law Awards 2013 Australasian Equity Market ‘Deal of the Year’
- Altium in relation to all of Altium’s corporate transactions and major board governance matters along their journey from ASX minnow (market cap circa A$10 million) to ASX darling (market cap over A$1.5 billion), including numerous acquisitions and equity raisings and the departure of their managing director, founder and major shareholder in 2012, and
- Trans-Tasman IPOs and dual NZX/ASX listings including the first IPO under the trans-Tasman mutual recognition regime and the New Zealand Government’s state owned asset sales via IPO of Mighty River Power and Genesis Energy.
- ARA Asset Management: in relation to its campaign to appoint Dr Gary Weiss AM and Mr Joe Gersh AM to the board of Cromwell Property Group
- Asia Pacific Data Centres (APDC) on the unitholder initiated proposal to wind-up APDC
- Michael Kum, through his Singaporean investment vehicle, Halom Investments, in a public dispute with the board of marine service provider, MMA Offshore, and
- Brickworks on its response to a shareholder campaign initiated by Perpetual and Carnegie & Co.