Herbert Smith Freehills has advised the Commonwealth Bank of Australia (CBA) on the A$280 million acquisition finance facilities provided to RCR Tomlinson Ltd with funds used to complete the acquisition of Norfolk Group Limited by way of a scheme of arrangement.
RCR Infrastructure Pty Ltd, a wholly-owned subsidiary of RCR Tomlinson Ltd, has acquired 100% of Norfolk Group Limited’s ordinary shares.
The scheme of arrangement was approved by the Federal Court of Australia on 19 June 2013 and the acquisition of Norfolk Group Limited completed on 31 July 2013.
The Herbert Smith Freehills team was led by Perth partner Rowen Cross and associate Simon Mahon.
“Achieving a successful financial close required CBA, RCR Tomlinson and Norfolk Group to work closely and collaboratively in order to meet the scheme timetable set by the Court,” said Cross. “We are delighted to have had the opportunity to assist CBA with the funding of this important acquisition by its client, RCR Tomlinson.”
King & Wood Mallesons advised RCR Tomlinson on this transaction.
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