Australia: Clayton Utz advises Tox Free Solutions on successful completion of $186m strategic acquisition and $85m entitlement offer
Last Updated: 5 December 2016

Perth, 2 December 2016: Clayton Utz has advised ASX-listed environment, waste management and industrial services provider Tox Free Solutions Ltd (ASX: TOX) in respect of its successful acquisition of 100% of the shares and related assets of Daniels Health Pty Ltd and Daniels Manufacturing Pty Ltd, a leading provider of medical waste solutions, collection and treatment in the Australian healthcare sector.

Clayton Utz partner Mark Paganin and senior associate Stephen Neale led the firm's team, which includes partner Stuart Byrne, special counsel David Benson, senior associate Sam Fiddian and lawyers Kaley Ohariw, Thomas Parker and Annella Cox.

The acquisition, which was announced on 26 October, was completed yesterday. The total consideration for the acquisition was $186 million (subject to adjustments).

Clayton Utz also advised Tox Free in relation to its successfully completed $85 million fully underwritten 1 for 3.9 pro-rata accelerated non-renounceable entitlement offer, undertaken to partly fund the acquisition.

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