Newsroom

    CK Advises Major Agrifinance Player StockCo on Elders Acquisition of Equity Stake

    Author //

    • Miles Anderson Partner
      Phone: 61 2 8235 1244
      Email: m.anderson@clarkekann.com.au

    ClarkeKann has advised longstanding client StockCo on the acquisition by Elders of a 30% stake in its Australian business.

    StockCo is the largest specialist provider of livestock financing in Australia and New Zealand. It provides a wide range of specialised agrifinance solutions to farming businesses. Elders has been prominent in the Australian agribusiness sector for over 175 years. “An equity position will strengthen our relationship with StockCo and align the growth ambitions of both companies” said Mark Allison, Chief Executive Officer of Elders in an ASX announcement.

    At the same time, CK assisted StockCo to complete a capital restructure, including a $30 million secured note issue and advice concerning the exit of an investment bank.

    CK’s Head of Financial Services, Miles Anderson, led the CK team that advised StockCo on all elements of these related and complex transactions. Miles said: “I have been working with StockCo since it entered the Australian market in 2006. This transaction represents a significant achievement in the Company’s growth strategy and I look forward to being involved in the next stage of the Company’s business.

    CK is delighted to have assisted StockCo in implementing its growth strategies.

     

    ClarkeKann is a commercial law firm with offices in Brisbane and Sydney. Our expertise covers commercial & corporate transactions, employment & IR, financial services, litigation, risk management and insolvency, property transactions and resources projects, across a range of industries. For a full list of our legal services, please visit our website at www.clarkekann.com.au. To update your contact details or unsubscribe to any of our publications, email us at ck@clarkekann.com.au

    This bulletin is produced as general information in summary for clients and subscribers and should not be relied upon as a substitute for detailed legal advice or as a basis for formulating business or other decisions. ClarkeKann asserts copyright over the contents of this document. This bulletin is produced by ClarkeKann. It is intended to provide general information in summary form on legal topics, current at the time of publication. The contents do not constitute legal advice and should not be relied upon as such. Formal legal advice should be sought in particular matters. Liability limited by a scheme approved under professional standards legislation. Privacy Policy
    < Back to Articles

People

Partners, Steven Cardell and Paul O’Dea were recently listed in Doyle’s Guide to the Australian Legal Profession - Leading Property and Real Estate Lawyers – Brisbane 2016. To make this list requires feedback from various sources but most importantly our clients. We thank our clients for that valuable input and look forward to assisting in your continued property growth.  VIEW MORE

Expertise

ClarkeKann has received the Australia-Taiwan Business Excellence Award for our efforts promoting and advising on most of the major investments from Taiwan into Australia over the last 20 years. Click below for more details about Foreign InvestmentVIEW MORE

Subscribe

Click below to subscribe to our publications and to receive the latest news VIEW MORE