News and Views
Transaction & Advisory | August 2022
BlackRock acquires Melbourne-based battery developer Akaysha Energy
Alistair Jaque (Partner) and Steven An (Associate) acted for the shareholders of Akaysha Energy, a Melbourne-based battery developer, on its acquisition by one of the world’s largest fund managers, BlackRock.
The acquisition by BlackRock’s climate infrastructure business will result in a $1 billion investment in grid-scale batteries and a significant shift from coal to clean energy in Australia.
Sydney Morning Herald - https://www.smh.com.au/business/the-economy/blackrock-to-spend-1b-on-batteries-in-australia-as-coal-closures-loom-20220815-p5b9xo.html
AFR - https://www.afr.com/companies/energy/blackrock-in-1b-plus-battery-play-20220815-p5b9vt
The Australian - https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Frenewable-energy-economy%2Fblackrock-in-1bn-battery-charge-after-buying-akaysha-energy%2Fnews-story%2Ff6eaa2a3b07b1246934a10cd7f87d865&memtype=anonymous&mode=premium&v21=dynamic-groupa-test-noscore&V21spcbehaviour=append
Digital health startup Eucalyptus lands $50 million in its latest funding round
Our Corporate team led by Paul Miller (Partner), Sarah-Jane Sale (Senior Associate) and Sally Yang (Associate) are proud to have advised Australian digital health start-up, Eucalyptus, on its most recent fundraising. High profile investors including Blackbird Ventures, Bond Capital and Woolworths’ W23 venture arm, raised $50 million raising the company’s valuation to $560 million. Despite there currently being a difficult fundraising environment, we are delighted that investors have the confidence in Eucalyptus’ model, which can only bode well for its future.
VISEO acquires Salesforce practice Carnac Group
A collaborative effort by our Corporate team, Alistair Jaque (Partner), Sarah-Jane Sale (Senior Associate) and Steven An (Associate) who acted for VISEO (one of the world’s leading digital transformation companies) on its acquisition of Carnac Group (a Salesforce consulting Partner) in Australia. The acquisition strengthens VISEO capabilities in Australia across the Salesforce services lifecycle.
ASX listed Atturra Limited acquires Hammond Street Developments
An exciting transaction for our Corporate M&A team involving Alistair Jaque (Partner), Simon Correggia (Special Counsel) and Sally Yang (Associate) on the sale of Hammond Street Developments to ASX listed Atturra Limited. It was a great opportunity for our team to collaborate with Pierre Briand and his team at SCD Advisory on this sale