Ashurst Advised Apex Partners On A$116 Million Proposed Acquisition Of DRA Global
Ashurst Advised Apex Partners On A$116 Million Proposed Acquisition Of DRA Global
Ashurst, a global law firm, advised Apex Partners Holdings (Apex) on a scheme of arrangement under which Apex Capital Partners Limited (ACP), a wholly-owned subsidiary of Apex, will acquire 100% of the shares in DRA Global Limited (DRA).
Apex currently holds a 30.9% interest in DRA. Under the scheme DRA shareholders will be given a choice of receiving cash and/or shares in ACP in exchange for their shareholding in DRA.
ACP is a special purpose South African company and a wholly-owned subsidiary of Apex. DRA is an international multi-disciplinary engineering, project delivery and operations management group, predominantly focused on the mining, minerals, and metals industry with operations in Australia and throughout Africa.
Ashurst partner Murray Wheater said, "Ashurst is delighted to have advised Apex (alongside Webber Wentzel) on ACP's entry into a scheme implementation deed with DRA. We look forward to continuing to support Apex to complete this transaction."
The Ashurst team was led by Murray Wheater (Partner) with assistance from Greg Golding (Consultant), Josh Walsh (Senior Associate), and Reuben Edlin (Associate, Corporate Transactions).
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