Baker McKenzie acted for mining equipment supplier Emeco Holdings Limited in connection with the $69.8 million acquisition of Force Equipment Pty Ltd and an $80 million capital raising to fund the acquisition.

Force Equipment are leaders in mining equipment maintenance services and earthmoving equipment hire for the mining and construction industries in Australia.

Baker McKenzie's Head of Asia Pacific Capital Markets group and lead partner on the M&A transaction, David Holland stated: "We were delighted to act for our client, Emeco Holdings, on what was a successful outcome in acquiring Force Equiment, adding scale to an already sizeable Emeco operation in Australia while enhancing geographical diversity and maitenance capabilities."

Baker McKenzie partner acting on the capital raising, Lauren Magraith stated: "We were equally delighted to assist in delivering the fully underwritten A$80 million dollar pro-rata accelerated non-renouncable entitlement offer to help fund the acquisition and further contribute to working capital."

This transaction follows Emeco's recent AUD$686 global restructure involving a debt/equity swap with a rights offering, two acquisitions and a full refinancing, on which Baker McKenzie also advised Emeco.

David and Lauren were assisted by a Baker McKenzie team comprising: Andrew Reilly, Matthew De Cataldo, Emily Hunter, Paul Anderson and Daniella Lambert. 

Recently, Acritas’ eighth annual Global Elite Law Firm Brand Index revealed Baker McKenzie extending its lead at the top of the table for another year. Acritas’ Global Elite Law Firm Brand Index 2017 is compiled from analysis of an extract of data from the Sharplegal Global Elite survey dataset. All data is derived from 1,074 interviews with respondents, in $1 billion+ revenue organisations across the world, who have senior responsibility for buying legal services.


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