×

Client Story | “They put some rod in our spines”

Signing a contract

Commercial: Complex equity transaction

When a Singapore-based international trading company sought support with a complex equity transaction, it turned to Redchip in preference to a large national firm.


Quick Facts
Service areaCommercial
Matter typeEquity investment
Dates of transactionJune 2016 – October 2017
Redchip team involvedGavin Barnes, Peter McLaughlin
OutcomeTransaction successfully negotiated

The company wanted a team sitting in its corner looking at the deal from a commercial standpoint, as much as a legal one. The due diligence required in this particular matter covered both the entity the trade company was looking to fund, as well as the mining asset that entity was looking to acquire. Numerous stakeholders were party to the transaction, making it one of the most complicated Redchip’s commercial team had undertaken.

There was a vast amount of work to be undertaken in terms of environmental liabilities, workers compensation, insurances, native title, land and tenements, asset registers, financial accounting and much more. Additionally, a review of the purchase of the mining asset included pitfalls, issues, preconditions, and contracts of the asset’s major customers.

It was, however, the commercial strategies and dedication to the outcome that set the Redchip approach apart from that of more traditional legal counsel.

“We knew the due diligence that was required for this type of transaction; however, the sheer scale and number of parties involved made this a first for us,” commented the trading company’s CEO.

“Redchip went beyond the brief to deliver both legal and commercial strategies, devise protections, and support us throughout the negotiations. They were in our corner the entire time.”

The transaction was successfully concluded after a little over nine months, and the Redchip team continues to share a close relationship with the client.

“The team at Redchip really put some rod in our spines and pushed us to get the world from this deal. They helped us negotiate for what we wanted, based on their experience of similar commercial deals.

“It’s almost like dealing with mates now. They are on our side, they use the language we use, and it’s like they’re part of the team not just legal consultants.”

Back to Articles
Redchip

Recent Articles

robert-anasch-s04x1QTNnCA-unsplash
Uber Eats chewed out for unfair terms

Uber Eats is the latest big business to come under fire for unfair terms in its standard form contracts, as the ACCC continues its crackdown.

Read more
Close-up of businessman stopping the effect of domino with hand
End of the corporate veil for SMEs?

A bill that was reintroduced to parliament in July 2019 may spell the end of the corporate veil separating directors from their business liabilities.

Read more
cheerful-coffee-colleague-1331971
Employee Share Schemes and Capital Raising

At our Wednesdays With Redchip event in August, our experts looked at two interacting strategies for businesses experiencing, or striving for, high growth.

Read more