Clifford Chance

Clifford Chance advises on financing for Anchorage Capital Partners' acquisition of David Jones in Australia

Leading international law firm Clifford Chance has advised on the financing for private equity firm Anchorage Capital Partners's acquisition of Australian luxury retailer David Jones from South Africa's Woolworths Holdings. Clifford Chance advised Hilco Capital in its role as majority financier, Commonwealth Bank of Australia and Global Loan Agency Services Australia in its role as agent and security agent.

Australia Managing Partner Richard Gordon said, "Congratulations to everyone involved in securing the future of David Jones, one of Australia's most admired and storied retail brands. We wish the investors and management team every success as they take David Jones into its next phase of growth."

Richard was supported by senior associates Isabella Bogunovich and Rubin Trehan, associate Caitlin Divani and trainee Chantelle Masters.

David Jones is Australia's premier omnichannel department store. With a 185-year heritage, it operates a network of 43 stores across Australia and New Zealand.