Australia: Madgwicks successfully represents Andy's Earthmovers in a $586m three-way merger with ASX listed Emeco Holdings
Last Updated: 12 April 2017

Friday, 31 March saw the successful completion of the $586m three-way merger of Andy's Earthmovers (Andy's) and Orionstone Holdings with Emeco Holdings.

Madgwicks acted for Andy's and Andy's shareholders in conjunction with lead advisor Lisa Wills of Fortem Group in the merger, which now positions the combined company as a world leading solutions provider in the mining and engineering industry.

Madgwicks' involvement included advising on the restructuring and merger documentation and ancillary arrangements including share sales, scheme approval and Executive arrangements, ensuring statutory and regulatory compliance and a commercially rewarding outcome was achieved on behalf of its clients.

The $586m three-way merger included a complex creditors' scheme of arrangement of Emeco Holdings' noteholders, debt restructure of the merger partners' financiers and equity exchanges between the merger partners in what was a multi-jurisdictional transaction.

"The successful conclusion of this multi-faceted deal has resulted in a significant and highly rewarding outcome for our client. With so many parties and representative firms and advisors from across the globe involved in the six-month project, our aim from the start was to protect the interests of Andy's and its shareholders, without compromising the commercial outcome," said Madgwicks' Lead Partner, John Caridakis.

"In a sizeable transaction such as this, we take enormous pride in knowing that our strong and strategic representation of Andy's and its shareholders in this deal provided our client with an excellent outcome."

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Rick Goldberg
By Cassie O'Bryan
By Rebecca James
By Cassie O'Bryan
By Michelle Dawson
By Rohan Ingleton
By Dudley Kneller
By Rohan Ingleton
By Rohan Ingleton
By Emily Dempster
Font Size: