22 February 2019
- Richard Gordon, Alexander Sorgese, Victor Greenstreet, Neil Cavanagh, Jonathan Price
- Sydney, Perth, London
Clifford Chance advises Barclays on AU$1.7 billion acquisition financing by EG Group of Woolworths' petrol stations
Leading international law firm Clifford Chance has advised multinational investment bank and financial services company Barclays on the financing for the AU$1.7 billion acquisition by EG Group of Woolworths' petrol stations.
The deal represents UK-based EG Group's first significant entry into Australia. The financing was arranged by Barclays as "lead left", with Deutsche Bank and UBS acting as the other arrangers and lead managers.
Australia Managing Partner Richard Gordon led a cross-border team comprising London partner Jim MacHale, Sydney counsel Alastair Gourlay, senior associate Alex Sorgese, associates Victor Greenstreet and Katherine Dickson (SYD), and London associates Neil Cavanagh and Jonathan Price.
Alastair comments, "The Woolworths petrol station acquisition is one of the largest and most high-profile deals in Australia and we were delighted to support Barclays on this important financing. We were ideally placed to advise Barclays by pulling together a global team across Sydney and London to provide seamless advice across multiple jurisdictions. We look forward to supporting Barclays, and other leading financial institutions on their future financing activity in Australia."