Ashurst has advised Blackstone on its A$508 million acquisition of the ASX listed AMA Group Limited (AMA). Ashurst also advised Blackstone on the debt facilities put in place to finance the proposed acquisition.

The implementation of the acquisition is subject to a demerger of the non-panel business being implemented and a number of customary conditions including the approval of AMA shareholders and the Court, no material adverse change or prescribed occurrence taking place, obtaining certain material third party consents, as well as the approval of Australia’s Foreign Investment Review Board.

The team was led by partners Mark Stanbridge and Stuart Dullard (Corporate) and included senior consultant Gary Lawler, senior associates Scott Lai and Genovieve Lajeunesse, with lawyers Molly Woods, Alli Clark, Rachel Tate, Lauren Garrett, Ryan Kabat, Ian Hedberg, Jamie Bang and Haymini Samba Sibam with graduate Simon Parmeter (Corporate); partner Shawn Wytenburg, counsel Nichola Shaw, senior associate Alicia Back and lawyer Robert Lau (Banking); partners Robert Jamieson and Tony Hill, senior associate Jo Slater and lawyer Sophie Westland (Environment/Planning); partner Diane Skapinker, counsel Vicki Aron and lawyer Robyn Dimis (Property); partner Jennie Mansfield, consultant David Sefton and senior associate Talia Firth (Employment/WHS); partner Anita Cade and associate Eoin Martyn (IP); partner Peter Armitage and senior associate Melissa Fraser (Competition); partner Lisa Simmons and lawyer Pooja Anantha (Funds).