Global law firm K&L Gates has recently assisted Fredon Industries Pty Ltd (Fredon Industries) with its strategic acquisition by NRW Holdings Limited (NRW Holdings), advising majority and minority shareholders on creating an effective exit pathway and executing a pre-completion restructure plan. The transaction was for an enterprise value of up to AU$200 million, on a debt-free, cash free basis.
Fredon Industries is a leading Australian electrical mechanical, infrastructure and technology group. NRW Holdings is an ASX listed civil and mining contractor.
Alan Lipman, Chairman of Fredon Industries stated: "This transaction marks a major milestone for Fredon Industries. Joining NRW unlocks exciting opportunities for growth and innovation across Australia's infrastructure and technology sectors. We are incredibly grateful for the enormous efforts of the K&L Gates team, whose support was instrumental in completing this complex and difficult deal – especially within such a short timeframe."
The Corporate deal team was led by Melbourne partner Harry Kingsley and Sydney partners Russell Lyons and Nicholas Ramage. Additional assistance was provided by special counsels Becki Lou Tam, Jacob Blakely, James Burrell, and Kaveh Zegrati, and lawyers Daniel Nastasi, Elvira Limpid, Rami Maserow, and Seb Kostas.
Kingsley said: "We're pleased to have supported Fredon and its shareholders in navigating this transformative acquisition. The transaction's structure and execution reflect the strength of our cross-practice collaboration and our commitment to delivering commercially sound outcomes for our clients."
K&L Gates' Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices on five continents, providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.