Gilbert + Tobin is pleased to announce its involvement with the creation of GrainCorp Oils. GrainCorp yesterday paid $472 million to buy and combine Goodman Fielder’s Integro Foods and the privately owned Gardner Smith, the oilseed crushing, storage and handling group.
Gilbert + Tobin’s Corporate Advisory team (led by partner John Williamson-Noble and supported by lawyers Madeleine Kulakauskas, Tim Gordon, Chris Morse, Alex Naughton and Georgina Willcock) is advising GrainCorp on the acquisition of the Gardner Smith Group with an enterprise value of $302 million.
To partially fund the acquisition of the Gardner Smith Group and Goodman Fielder’s Integro Foods (valued at $159 million) Gilbert + Tobin’s Capital Markets team (led by partner Janine Ryan and is supported by lawyers Shelley Burger and Sarah Duerdoth) is advising Graincorp on an accelerated renounceable entitlement offer. Additional advice on the financing of the acquisition of the Gardner Smith Group and Integro Foods and the refinance of its existing debt finance arrangements was provided by Gilbert + Tobin’s Banking and Finance team (led by partners John Schembri and James Lewis and supported by Special Counsel Benjamin Downie and lawyers Spiro Papadolias and Jenny Chung).
Commenting on the transaction, John Williamson-Noble said “This is a primary example of how Gilbert + Tobin creates a full service offering for clients. We established a core team that delivered innovative solutions on this complex transaction. It has been a pleasure working with GrainCorp and we wish them all the best with GrainCorp Oils.”
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