Global law firm Ashurst has advised Australia’s Mirvac Group on its acquisition of land lease operator Serenitas from Singapore's sovereign wealth fund GIC for $642.76 million along with Pacific Equity Partners Secure Assets (PEP) and Tasman Capital Partners.

Serenitas was represented by Baker McKenzie, while PEP was advised by Herbert Smith Freehills.

The structure will be a joint venture in which Mirvac and PEP will hold 47.5 percent ownership each, with the remaining minority interest held by Tasman, an existing co-owner.

The Ashurst team advising Mirvac was led by co-head of the firm’s corporate group in Australia, Anton Harris, and included partners Lisa Simmons, Con Tzerefos, and Rehana Box. The deal was also supported by real estate partner Pauline Tan, employment partner Jennie Mansfield, and intellectual property partner Anita Cade.

Corporate partner Lance Sacks led the Baker McKenzie team on the transaction.



Related Articles

India: AZB, Anagram advise on $530 mln microfinance merger

Mumbai-headquartered law firm AZB & Partners has advised India's AU Small Finance Bank on its 44.11-billion-rupee ($529.8 million) acquisition of peer Fincare Small Finance Bank, which was represented by Anagram Partners.

Shearman, AMT, White & Case, MHM act as Japan’s Benesse goes private for $1.78 bln

by Mari Iwata |

Shearman & Sterling and Anderson Mori & Tomotsune are advising Japanese educational services provider Benesse Holdings on a 270-billion-yen ($1.78 billion) management buyout (MBO) plan proposed by Swedish investment house EQT AB Group, represented by White & Case. Mori Hamada & Matsumoto act for the all stakeholders on this MBO scheme.

Slaughters, Skadden guide $1.8 bln acquisition of Coke Philippines

by Mari Iwata |

Slaughter and May, Villaraza & Angangco, Skadden, Arps, Slate, Meagher & Flom, SyCip Salazar Hernandez & Gatmaitan have advised the buyers on a $1.8 billion acquisition of Coca-Cola Beverages Philippines (CCBPI) from Coca-Cola.