Mallesons acted for JP Morgan and UBS. The team was led by M&A partners Evie Bruce, Nigel Hunt and Daniel Kirk who were assisted by senior associates Jonathan Grant and Alexei Fedotov and solicitor Laura Steinke.
"The structure of the capital raising was very complicated, involving three separate offers - an accelerated entitlement offer of convertible loan securities, a public offer of WAN ordinary shares and a sell down of SGH's existing 24.3% interest in WAN. A number of interesting legal and regulatory issues arose from the interdependencies between the components of the capital raising," said Ms Bruce.
WAN raised $1bn to help fund the sale. The deal has been valued at $4.1bn with Seven Media Group's assets including Australia's highest-rating television network.
Elle LoweSenior Manager, Corporate AffairsT +61 2
M +61 424 168 080
Samantha MaslenManager, Corporate AffairsT +61 2 9296 3349
M +61 428 469 566