Mergers & Acquisitions

Mergers & Acquisitions

 

Overview

Macquarie Capital's global mergers and acquisitions (M&A) team combines structuring and advisory expertise with our international equity and debt capital market capabilities.

Our team of global professional delivers the highest quality of advice in relation to M&A, divestments, takeover responses, debt and equity financing and capital management, restructuring and other strategic and financial matters.

Macquarie's M&A team specialises along six sector lines:

  • Financial Institutions
  • Industrials
  • Infrastructure, Utilities & Renewables
  • Real Estate
  • Resources
  • Telecommunications, Media and Entertainment, and Technology.

This specialisation has enabled us to develop a deep understanding of our clients' businesses and the industry dynamics in which they operate, allowing us to assist in structuring innovative solutions that achieve their strategic objectives.

Additionally, Macquarie Capital has a strong track record of principal investment. A robust balance sheet allows us to invest in partnership with clients – a willingness that demonstrates our belief in the transactions we bring to clients and assists with transaction execution.

With an established track record in the Asia Pacific, Macquarie Capital also has a rapidly expanding presence in Europe and the Americas. In the year ended 31 March 2010, Macquarie Capital advised on 125 M&A transactions globally.

Key transactions

Recent transactions around the globe include:

Year Description Transaction Value
2010 Defence adviser to AXA Asia Pacific Holdings in relation to the proposals received from AXA/AMP and the National Australia Bank $A14.6bn
2010 Adviser to Lihir Gold on its merger with Newcrest Mining, creating the Asia-Pacific's largest gold company $A24.5bn
2010 Adviser to the Goodman Group-led consortium of pension/sovereign wealth funds in relation to the privatisation of ING Industrial Fund $A2.6bn
2010 Lead financial adviser, lead debt arranger and debt lender to The Carlyle Group and TPG Capital in their acquisition of leading Australian private healthcare provider Healthscope Limited $A2.7bn
2010 Defence adviser to Fortis Healthcare, the India-based operator of hospitals and healthcare facilities, in response to Khazanah Nasional Berhad's announced offer to gain 51% control of Parkway Holdings $S1.1bn
2009 Adviser to Viterra on its acquisition of ABB Grain, and underwriter of its associated $A511m equity raising $A2.2bn
2009 Adviser to Canada-based Eldorado Gold on its all-scrip cross-border acquisition of Sino Gold Mining $C2.4bn
2009 Adviser to Goodman Group on its recapitalisation, including $A6.1bn debt restructuring, $A1.3bn equity raising, $A500m hybrid securities issue and $A300m China real estate joint venture $A8.2bn
2009 Adviser, sponsor, debt arranger and underwriter to a Macquarie Infrastructure Partners-led consortium on the acquisition of Puget Sound Energy, Washington State’s largest regulated energy utility $US7.4bn
2009 Adviser and debt arranger to the Lion Power consortium on its acquisition of Singapore’s largest power generation company, Senoko Power, and subsequent $S2.35bn senior debt refinancing $S5.1bn
2009 Adviser to Macquarie CountryWide Trust on the sale of its joint venture interest with Regency Centres, a USA portfolio of 86 shopping centres to Global Retail Investors LLC $US1.3bn
2008 Sole Australian defence adviser to Rio Tinto on the pre-conditional offer received from BHP Billiton $US189bn
2008 Adviser to Origin Energy on its defence of BG Group’s $A17bn takeover offer and formation of JV with ConocoPhilips of up to $A11bn $A17bn
2007 Adviser to Wesfarmers on its acquisition of Coles Group $A20bn
2007 Adviser and debt and equity arranger to Arqiva on its acquisition of National Grid Wireless £2.5bn
2007 Adviser and debt and equity arranger to a Macquarie-led consortium on the acquisition of Duquesne Light Holdings, a US electric transmission and distribution utility company $US3.2bn
2007 Adviser and debt and equity arranger to a Macquarie-led consortium on the acquisition of Thames Water Holdings, the largest water and waste water services company in the UK £8bn

Contact us

 

Robin Bishop
Head of Macquarie Capital Australia and New Zealand