corporate finance

There have been some big moves among corporate finance dealmakers in , who worked on more than 850 transactions worth nearly $25 billion in 2017. New players chasing finance deals as opportunities align

HERE is a The value of capital Perth-based Ashanti long-run- raisings – more precisely, Capital, which raised $90 ning equity capital markets million across multiple pattern in (ECM) deals – also spiked, transactions in 2017. Perth busi- jumping to $9.96 billion. Ashanti was estab- Tness whereby the big A $3.5 billion block lished in late 2016 by Rob international firms lift trade in November, when Hamilton, who worked their presence during Shell sold its stake in for Macquarie Bank and Mark Beyer boom times and retreat Perth-based Woodside Argonaut in Perth before when markets get spending four years in [email protected] Petroleum, substantially @AMarkBeyer tougher. boosted that figure. Hong Kong with ReOrient The corporate finance Financial Markets. market in 2017 was a Local brokers lead Mr Hamilton divides prime example, with big Outside that mega deal, his time between players including UBS, most ECM deals in WA Perth, Hong Kong and Merrill Lynch and Credit were worth $100 million other cities, and that is Suisse cutting back their or less, with Perth-based reflected in the diversity operations in Western brokers dominating. of Ashanti’s clients. . Hartleys was the Its largest transac- The flipside has been market leader, working tion last year was a £31 the emergence of new, on 44 deals worth a com- million ($A54 million) smaller players, includ- bined $697 million (see placement for Canada ing Ashanti Capital, table). and London-listed lith- Sternship Advisers, Perth-based broking ium company Bacanora Salient Corporate and firms Euroz Securities, Minerals. View Street Partners, Argonaut and Patersons The investor was Chi- which are led by experi- Securities follow Hart- nese group NextView enced advisers who have leys on the list. Capital, which has agreed It has been many years to work with Bacanora since four Perth brokers to explore Chinese debt have sat atop the annual finance for its Sonora I think we’ve been able ECM league tables, which project in Mexico. subscribers can analyse Prominent Perth to capitalise on the strength online in the BNiQ Search company director and Engine. winemaker Mark Hohnen of my relationships in Asia, Gilbert & Tobin was is chairman of Bacanora, top among the law firms, in addition to his role as having lived in Hong Kong helped by the fact it a member of Ashanti’s worked on several large advisory board. for five years - Rob Hamilton raisings managed by Local clients include Euroz. Greenland Minerals & Allen & Overy was Energy ($10 million place- spotted opportunities in number two, in large ment) and Kopore Metals, the local market. part because Perth part- formerly Metallum. These changes have Ashanti raised $2 ners Luke Nicholls and RAISING EXPECTATIONS: Ashanti Capital’s Carmie Olowoyo (left), Cameron Williams, Rob Hamilton and Eric De Mori. Photo: Attila Csaszar taken place at an inter- Geoff Simpson led a big million for UK-based esting time in the WA capital raising by Hong Adriatic Metals, which market. Kong property client ESR is developing several placement for Bye Aero- The number of $1 mil- Cayman. mining projects in south- space, a global leader in lion-plus capital raising Notable is the con- ern Europe ahead of a electric aircraft planning deals announced last year tinuing growth by planned ASX listing this a Nasdaq listing. jumped to 571, according Bellanhouse, which is year. “I still spend the major- to data compiled by Busi- eating into the market It also completed ity of my time in Asia with ness News. for smaller deals that has two capital raisings our clients,” Mr Hamilton That’s up from 522 in been dominated for years for US companies last told Business News. 2016 and, significantly, by Steinepreis Paganin. year – $15.5 million in “I think we’ve been is more than double the exchangeable notes for able to capitalise on the number of deals during Ashanti enters FRX Polymers, which is strength of my relation- each of the three preced- A new player in planning an ASX IPO this ships in Asia, having ing years. the market is West year, and a $US5 million lived in Hong Kong for 2 | businessnews.com.au businessnews.com.au | 3 New players chasing finance deals as opportunities align

RAISING EXPECTATIONS: Ashanti Capital’s Carmie Olowoyo (left), Cameron Williams, Rob Hamilton and Eric De Mori. Photo: Attila Csaszar

five years. He plans to expand the Ashanti has estab- Cottesloe-based View established in 2016 by “This has been high- small five-person team at lished its own fund, with Street Partners. Tim Andrew and John lighted by the quality of Ashanti, having just set the number of investors View Street added to Hannaford. investors we’ve been able up an institutional sales capped at 20. its team this year when Mr Andrew previously to attract for our clients.” desk and clearing opera- “It was a very delib- it recruited Chris Binge- held senior international Mr Hamilton added he tion with UBS. erate process as to who mann, who had been roles at Deutsche Bank was already working with “We are focused on was invited to invest,” Mr investment banking and Standard Chartered several local brokers and expanding our east coast Hamilton said. director for Merrill Lynch Bank, and most recently companies who wanted presence and will look to in Perth since 2011. was global head, mergers to tap into his investor have an office in View Street He has joined a small and acquisitions equity network in Hong Kong, or in the Another relatively but highly experienced advisory, for Standard Singapore, South Korea second half of 2018,” Mr new player with a group of six advisers at and mainland China. Hamilton said. growing presence is View Street, which was Continued on page 4 2 | businessnews.com.au businessnews.com.au | 3 New players chasing finance deals

That transaction put SEARCHENGINE Highbury Partnership Capital raisings ...your key to WA business and Lazard at the top of the advisers’ league table. ECM ADVISERS 2017 From a WA perspective, the most active advisers NUMBER VALUE OF KEY CLIENTS LEAD MANAGERS OF DEALS DEALS $m were Macquarie Capital Hartleys 44 697.5 Ausdrill, Aurelia Metals, Pilbara Minerals and Azure Capital. Macquarie, which has Euroz Securities 21 619.4 Cooper Energy, Australis Oil & Gas lost several big-name dealmakers in recent Argonaut 22 297.3 Paringa Resources, Metro Mining years, had a lead role Paterson Securities 56 296.8 AJ Lucas Group, Aspire Mining, Clean Seas Seafood on seven transactions, including takeovers of Macquarie Capital 4 295.0 Dacian Gold, RCR Tomlinson Perth companies Pro- Canaccord Genuity 13 195.5 Blackham Resources, Tawana Resources grammed Maintenance Services and Tox Free CPS Capital Group 48 171.6 New Horizon Coal, Kairos Minerals, Lepidico Solutions. Macquarie is also Morgans Financial 8 164.0 Emeco Holdings, Battery Minerals advising Mineral Azure Capital 5 160.0 Heron Resources, Wellard Resources on its bid for oil and gas producer Bell Potter 15 133.2 Fastbrock Robotics, Pioneer Credit AWE. Azure also worked on LEGAL ADVISERS NUMBER VALUE OF KEY CLIENTS OF DEALS DEALS $m seven M&A transactions Gilbert + Tobin 21 652.5 Cooper Energy, Australis Oil & Gas, Westgold Resources collectively worth $730 million. Allen & Overy 4 488.5 ESR Cayman, Pilbara Minerals UBS has been one of the more active M&A Steinepreis Paganin 65 364.9 Zenith Energy, CannPal Animal Therapeutics advisers in WA in recent Bellanhouse 41 292.6 New Century Resources, Brainchip Holdings years, and continues to be active even though Ashurst 6 251.2 MMA Offshore, Pilbara Minerals local office leader Tim Corrs Chambers Westgarth 5 164.9 Dacian Gold, NRW Holdings Day established boutique advisory practice Stern- Allion Partners 3 144.5 Heron Resources ship Advisers mid year. Mr Day said the move Johnson Winter and Slattery 3 108.1 Ausdrill had opened up new DLA Piper 12 105.1 Wellard, Avenira opportunities. “Perth is a mid-cap market and we have a lot From page 3 It also raised $2.4 mil- developer Universal deals so that nearly all of more flexibility to chase lion last year in a pre-IPO Biosecurity, and health its returns came from its that work,” he said. Chartered, based in Hong raising for international and medical education equity position. “At the big banks, you sunscreen company technology company Kong. M&A movers can only work on the Mr Hannaford also has SolarD. Talisium. very large transactions.” international experience View Street’s current Mr Bingemann said The number of com- Mr Day said he had and, since 2006, had been transactions include a View Street had a very pleted M&A deals in WA been freed-up from a lot running West Perth- $2 million raising for dis- different approach to the rose last year to 283, of the regulatory and based Ventnor Capital. ruptive laundry service big banks. however, their aggregate compliance tasks that View Street’s 2017 Laundromap Holdings. “It’s the same disci- value dipped to $14.8 bil- were part of working for transactions included It is working on several plines, but we’re much lion because there was a large banking group. advising: Augusta-based other capital raisings, more hands-on,” he said. just one mega deal. He also had a lot more Ocean Grown Abalone on primarily for innova- “We get involved early By far the largest deal freedom to work along- its $10 million IPO; fibre tive technology-based with our clients, we take in the BNiQ Search Engine side other banking and tech company Nanollose companies. equity in their busi- database was Chow Tai advisory groups. on its $5 million IPO; These include Hong ness and it’s a long-term Fook Enterprises’ pur- For instance, Sternship and Fremantle Octopus Kong-based freight soft- relationship.” chase of WA-focused is currently advising Group on a $5 million pre- ware developer Doozee, Mr Hannaford said Alinta Energy for an esti- Chris Ellison’s Mineral IPO raising. fumigation technology View Street structured mated $4 billion. Resources.

4 | businessnews.com.au New players chasing finance deals

Ashurst were both SEARCHENGINE more active, judging by ...your key to WA business M&A deals number of deals. A notable feature of M&A ADVISERS 2017 the Perth legal market is the ability of some part- NUMBER VALUE OF ners to take a lead role on FINANCIAL ADVISERS OF DEALS DEALS $bn* KEY CLIENTS interstate and overseas Highbury Partnership 2 4,526.0 Chow Tai Fook Enterprises, AWE deals, with little or no operational connection Lazard 1 4,000.0 Alinta Energy to WA. Macquarie Capital 7 2,636.5 Programmed Maintenance Services, Cleanaway, Mineral Resources Corrs Chambers West- garth partner Jason AWE, Automotive Holdings Group UBS 3 806.0 Salman, who spends Greenhill & Co 1 777.7 PERSOL Holdings one week per month in Sydney, is a prime Gresham Partners 2 749.1 Wesfarmers, Southern Cross Electrical Engineering example. Azure Capital 7 731.1 Minjar Gold, Macmahon Holdings Mr Salman was the lead adviser to US tele- Argonaut 3 683.7 China Energy Reserve & Chemicals Group, Eastern Field Developments vision network CBS on its acquisition of Ten Morgan Stanley Wealth Management 1 671.0 Tox Free Solutions Network. EY 2 410.0 Quadrant Private Equity Mr Salman has acted for CBS on all issues LEGAL ADVISERS associated with Channel Allen & Overy 8 4,939.7 Chow Tai Fook Enterprises, PERSOL Holdings 10 for the last five years and proposed the deal Herbert Smith Freehills 8 4,249.1 Alinta Energy, Base Resources that allowed CBS to buy Ten from its receivers, Gilbert + Tobin 16 1,819.6 Cleanaway, Mineral Resources, Quadrant Private Equity to the surprise of Lach- Ashurst 15 1,704.0 Automotive Holdings Group, Finders Resources, Cebas lan Murdoch and Bruce Gordon who had pre- MinterEllison 7 1,279.4 China Energy Reserve & Chemicals Group, APM viously controlled the Allens 2 989.0 AWE network. Hogan Lovells corpo- Clayton Utz 7 933.3 Tox Free Solutions, Copper Mountain Mining Corporation rate partner Tim Lester Corrs Chambers Westgarth 11 497.3 CBS Corporation, SMS Management & Technology is another Perth lawyer who spends a lot of time Jackson McDonald 4 357.5 Amman Mineral Nusa Tenggara in Sydney. Allion Partners 1 330.0 Minjar Gold He led a global team that supported Swis- sport Group on its the Monty copper-gold G o l d m a n S a c h s ’ acquisition of Aerocare, We get involved early project. patience could pay off the number one airport In contrast to the this year, with reports ground-handling opera- with our clients, we take changes at UBS, Merrill it is advising Quadrant tor in Australia and New Lynch and Credit Suisse, Energy on a planned Zealand. equity in their business and global banking giant stock market float. A variation on this Goldman Sachs remains it’s a long-term relationship Legal advisers theme was Allen & committed to WA. Overy partner Meredith - Chris Bingemann “Goldman Sachs con- The top law firm was Campion, who led the tinues to see significant Allen & Overy, which sale of Adelaide-based Ironically, Mr Day’s a group including former opportunity to support worked on eight M&A craft brewer Pirate Life former employer, UBS, is chief executive Frank its WA clients with their deals worth $4.9 billion, Brewing to global giant advising MinRes’s takeo- Wilson. businesses domestically including the Alinta Anheuser-Busch InBev. ver target, AWE. Mr Day also advised and internationally,” Energy deal. While Pirate Life oper- Sternship’s other cli- Subiaco-based Talis- director Peter Watson Herbert Smith Free- ates from Adelaide, most ents include embattled man Mining on a $US20 said. hills was close behind, of its executive team and sandalwood producer million debt finance “Our presence in Perth working on eight deals shareholders, including Quintis, which is facing facility to fund its share is integral to that sup- worth $4.2 billion. chairman Anthony Dale, a hostile board spill from of the development of port and advice.” Gilbert & Tobin and are based in Perth.

businessnews.com.au | 5 MAJOR DEALS – December quarter 2017 EQUITY CAPITAL MARKETS Company Transaction Type Amount ($m) Lead managers Lawyer Public Relations Woodside Petroleum Block trade (Shell's interest) 3,500.0 UBS, Morgan Stanley Base Resources Rights Issue 100.0 RFC Ambrian Cannings Purple MMA Offshore Placement + entitlement offer 97.0 Shaw and Partners, Pareto Securities Ashurst FTI Consulting Emeco Holdings Entitlement offer 80.0 Morgans Financial, Macquarie Capital Baker McKenzie Aurelia Metals Limited Placement 70.0 Hartleys Westgold Resources Limited Placement 67.0 Gold Quay Capital Gilbert + Tobin Bacanora Minerals Placement 54.0 Ashanti Capital New Century Resources Placement 52.9 Credit Suisse Bellanhouse Fastbrick Robotics Placement 35.0 Bell Potter Securities Southern Cross Electrical Engineering Placement 33.2 Euroz Securities K&L Gates Sheffield Resources Placement + share purchase plan 32.0 Bridge Street Capital Partners, Blue Ocean Equities, Pulse Markets Citadel-MAGNUS First Cobalt Corp. Placement 30.4 Gilbert + Tobin Eastern Goldfields Placement 30.0 Squire Patton Boggs Altura Mining Placement 26.0 Jett Capital Advisors, Bizzell Capital Partners K&L Gates - Adam Levine Citadel-MAGNUS BrainChip Holdings Ltd Placement 21.5 Bellanhouse Gascoyne Resources Placement 21.5 Hartleys, Argonaut Creso Pharma Placement + share purchase plan 21.0 EverBlu Capital Media & Capital Partners Sumatra Copper & Gold Placement 20.8 NWR Communications Tawana Resources Placement 20.0 Canaccord Genuity Australian Mines Placement 20.0 Argonaut, Arlington Group Asset Management Cannings Purple Battery Minerals Placement 20.0 Hartleys, Morgans Financial Read Corporate European Cobalt Placement 20.0 BW Equities, Tamesis Partners Bellanhouse CannPal Animal Therapeutics Initial public offer 18.5 Steinepreis Paganin Clean Seas Seafood Placement + entitlement offer 17.7 Patersons Steinepreis Paganin NWR Argosy Minerals Placement + share purchase plan 17.0 Hunter Capital Avita Medical Placement + entitlement offer 17.0 Bell Potter Securities Monsoon Communications Aspire Mining Entitlement offer 16.5 Patersons Securities Corrs Chambers Westgarth Piedmont Lithium Placement 16.0 Foster Stockbroking MERGERS & ACQUISITIONS Bidder Target Value ($m) Bidder adviser Bidder lawyer Target adviser Target lawyer Coronado Coal Group Wesfarmers 700.0 Ironstone Jones Day Gresham Herbert Smith Freehills Cleanaway Tox Free Solutions 671.0 Macquarie Capital Gilbert + Tobin Morgan Stanley Wealth Management Clayton Utz Mineral Resources AWE 526.0 Macquarie Capital Gilbert + Tobin UBS, Highbury Partnership Allens China Energy Reserve & Chemicals Group AWE 463.0 Argonaut MinterEllison UBS, Highbury Partnership Allens HNA Group Automotive Holdings Group's refrigerated logistics divison 280.0 UBS Ashurst CBS Corporation Ten Network Holdings Limited 215.0 EY Corrs Chambers Westgarth Moelis & Co Minter Ellison Eastern Field Developments Finders Resources 177.0 Argonaut Salient Corporate Ashurst New Century Resources 30% Century Mine Rehabilitation Project 141.1 Base Resources Toliara Sands project 100.0 Herbert Smith Freehills Copper Mountain Mining Altona Mining 93.0 Clayton Utz Hartleys Gilbert + Tobin Emeco Holdings Force Equipment 69.8 Macquarie Capital Baker McKenzie Azure Capital Clayton Utz Goldfields Money Finsure 61.1 Azure Capital Lavan Ashurst Moly Mines Queensland Mining Corp 53.0 Triton Minerals Westgold's WA lithium interests 30.0 Somers & Partners Gilbert + Tobin Firstmac Holdings Goldfields Money 25.2 Patersons Securities King & Wood Mallesons Azure Capital Lavan Brickworks Urbanstone 13.5 Johnson Winter & Slattery Ashurst Anheuser-Busch InBev Pirate Life Brewing n/a Allen & Overy BP Australia Acure truckstops n/a Norton Rose Fulbright Kalgoorlie Forum Diggers and Dealers n/a Trove Group Corrs Chambers Westgarth Brentnalls Gilbert & Tobin Beach Energy Limited BassGas project stake n/a Gilbert + Tobin King & Spalding Coca-Cola Amatil Feral Brewing n/a China Zhongwang Holdings SilverYachts stake n/a MinterEllison Clayton Utz Western Gas Equus gas field from Hess n/a Allen & Overy Shanghai Ground Food Tech Brownes Dairy n/a Investec, Deloitte Clifford Chance Moelis, PwC Herbert Smith Freehills Image Cruising Holiday Planet n/a Mergers & Acquisitions Gilbert + Tobin

SEARCHENGINE View our comprehensive database of corporate transaction activity ...your key to WA business businessnews.com.au/Corporate-Finance

6 | businessnews.com.au SEARCHENGINE CORPORATE FINANCE ...your key to WA business GET THE FULL LIST ONLINE businessnews.com.au/List/corporate_finance

Change Staff in Offices from Year Total corporate a) WA previous Senior executive and est. in staff finance b) inter-

Rank year Company name title WA in WA area (WA) state Core business Provides strategic financial advice and transaction execution expertise. Areas of specialisation include mergers & acquisitions, transaction support, valuation advisory 1 Mr Michael Anghie 1989 690 68 a) 1 — EY Managing Partner b) 6 services, business modelling, restructuring, oil & gas, mining and minerals, real estate, project finance advisory. Mr Michael McNulty a) 1 Acquisitions, takeovers, mergers, divestments, due diligence, capital raising, valuations 2 — Deloitte Managing Partner, Western 1891 573 49 and modelling, Infrastructure Advisory and Deloitte Access Economics. Serve an Australia b) 16 international and national blue chip and SME client base. Divestments, acquisitions, takeovers, bid defence, debt advisory, equity advisory, real 3 KPMG Mr Gary Smith 1907 513 31 a) 2 estate advisory, IPOs, private equity, public private partnerships, privatisations, project — Chairman of Partners, WA b) 11 and structured finance, valuations, independent expert reports, financial due diligence, vendor due diligence and general corporate and strategic advice. Strategic advice and assistance across a full range of deal services including mergers, 4 PwC Mr Justin Carroll a) 1 acquisitions, divestments, takeovers, strategic options analysis, financial modelling, — Managing Partner, Perth 1896 575 30 b) 9 restructuring, IPOs, capital raisings, infrastructure advisory, debt advisory and project finance.

5 BDO Mr Sherif Andrawes 1978 231 26 a) 1 Corporate advisory, independent expert, investigating accountant, due diligence, — Partner, Corporate Finance b) 9 valuation services, mergers and acquisitions. Provides a range of corporate advisory services, including advice in relation to Mergers 6 Mr Adrian Arundell a) 1 & Acquisitions, Equity and Debt Capital Markets and financing transactions. Assists — Azure Capital Managing Partner 2004 31 26 b) 0 early stage companies raise growth capital. Azure has experience across a wide range of industry sectors and transaction types.

7 Argonaut Mr Glen Colgan a) 1 Argonaut is a full service advisory, stockbroking & research and investment house with — Managing Director 2002 44 14 b) 0 offices in Perth and Hong Kong.

Mr Aaron Constantine 8 Patersons Securities a) 5 — Executive Director, Head of 1903 152 NFP b) 6 Capital markets and corporate advisory. Corporate Finance

Mr Charlie Ransom Range of services to listed and unlisted companies including equity capital markets, 9  Hartleys 1955 108 10 a) 1 mergers and acquisitions, corporate & strategic advisory services, equity research, Chief Executive Officer b) 0 stockbroking and portfolio management.

Mr John Stanning Full range of corporate advisory services including mergers and acquisitions, equity and 10  Macquarie Capital 1984 150 9 a) 1 debt capital markets advisory and raisings, restructurings, privatisations and tailored Division Director b) 10 strategic and financial advice including public private partnerships. Principal investments.

Mr Adam Sierakowski Corporate advisory, domestic and international capital raisings, ASX listings, reverse 11  Trident Capital 2002 9 9 a) 1 takeovers, corporate reconstructions, mergers and acquisitions, corporate transaction and Director b) 0 secretarial.

12 Mr Andy Gilmour a) 18 Corporate advisory, independent expert, investigating accountant, due diligence, mergers — RSM Partner, Corporate Finance 1922 401 8 b) 11 and acquisitions and valuation services.

Indian Ocean Mr Luke Martino 13  2007 12 8 a) 1 Corporate advisory, strategic planning, capital raising, investment banking services, Consulting Director b) 1 corporate secretarial.

14  Mac Equity Partners Mr Bryant Mclarty a) 1 Provide specialised expertise in the areas of capital raising and strategic corporate services Principal/Chairman 2003 10 8 b) 0 to clients and stockbroking services to wholesale investors.

Mr Michael Lishman Gresham Advisory Partners Limited is a leading Australian M&A and corporate advisory 15 a) 1 — Gresham Partners Managing Director & Head, 1997 9 8 b) 2 practice and one of the largest and highest ranking independent corporate advisors WA Division operating in the Australian market. Mr Brian Beresford 16  Euroz Securities Executive Director; Head of 2000 64 7 a) 1 Provides equities dealing, corporate finance and research services relating to companies Corporate Finance b) 0 listed on the Australian Securities Exchange. 17 RANKED BY NUMBER OF STAFF IN CORPORATE FINANCE, THEN BY TOTAL STAFF IN WA 72

All information compiled using surveys, publicly available data and contact with industry sources. Other companies may be eligible for inclusion. If you believe your company is eligible, please email [email protected]. WND: Would Not Disclose, NFP: Not For Publication, N/A: Not Applicable or Not Available. The above list (and more than 90+ other lists) inclusive of address, phone and email information are available online to all business subscribers at www. businessnews.com.au. If you are not a fully paid up subscriber of Business News and want access to over 8,500+ organisations and 27,300 executives, please contact us on 9288 2100 or email [email protected].

businessnews.com.au | 7 BDO buys corporate advisory firm

Mr Grover said there was a natural fit with BDO, which he had often called when Tom- kins Turner needed support in areas such as valuations. “We were very excited by the approach,” he said. Mr Boyce Cam said that, as a boutique firm, Tomkins Turner had lim- ited geographic reach. “With BDO, clearly the global network will be very useful,” he said. Another advantage was breadth of services now available, including taxa- tion and audit. TEAMWORK: The six partners in BDO’s corporate finance team are Adam Myers (left), chairman “We have a better offer- Sherif Andrawes, Emma Wright, Justin Boyce Cam, Peter Toll and Todd Grover. Photo: BDO ing to the market within BDO than as a boutique,” Mr Boyce Cam said. BDO has backed its confidence in WA’s commercial outlook Mr Grover said Tom- kins Turner had focused by purchasing boutique mergers and acquisitions firm on defensive sectors in recent years in light of Tomkins Turner Corporate Advisory the weak economy, with deals in sectors such as Mark Beyer expected, and picked up more to follow over 2018,” utility maintenance and [email protected] more new clients than we he said. communications. @AMarkBeyer anticipated. Three partners and two He was now seeing SUBIACO-BASED account- “To make the most of professional staff have an early resurgence of ing firm BDO now has six it, we have to provide the moved to BDO, adding to BDO10 EXPERT mining services. partners and 26 staff in its correct breadth of services its service offering. “Equipment rental and corporate finance practice, across the board. “Our offering will be REPORTS leasing businesses are following its acquisition of “When we looked at the very strong in all three FOR M&A extremely busy at the Tomkins Turner Corporate gaps in our services, one of areas of corporate finance, TRANSACTIONS moment; we find that’s a Advisory this month. those was around M&A.” being valuations, transac- LAST YEAR good indicator of mining The move combines Mr Andrawes said tion support and M&A,” Mr services bouncing, so BDO’s traditional there was a sizeable gap Andrawes said. come from firms like Azure we’re quite bullish on that strengths in valuations in the advisory market “We will be pretty Capital, which also has 26 space,” Mr Grover told and expert reports between the bigger listed unique in the market, in staff in corporate finance. Business News. with Tomkins Turner’s companies and very small the mid-market definitely.” BDO’s strong position is Agriculture was advisory experience in business brokers. The merger means BDO confirmed by data in the another area where he mergers and acquisitions. “There is that gap in has the fifth largest corpo- BNiQ Search Engine. saw upside potential for BDO WA chairman the middle and Tomkins rate finance team in WA, The data shows BDO pro- WA, based on the state’s Sherif Andrawes said Turner fills that gap,” he according to data assem- vided expert reports for 15 ability to produce pre- his firm believed the said. bled by Business News for capital raisings and 10 M&A mium products, its food economic outlook for “That’s the space we the BNiQ Search Engine transactions last year, more safety, and proximity to Western Australia was want to be; we could have (see next page). than any other firm. Asia’s rising middle class. quite strong and was look- done it ourselves and The ‘Big Four’ accounting The new partners who Mr Andrawes said the ing to capitalise on that. grown organically, or just firms all have more staff in joined BDO after the acqui- outlook was also positive “We’ve somewhat sur- bite the bullet and buy corporate finance but, with sition include Justin Boyce for clean energy and tech- prised ourselves,” Mr Tomkins Turner.” the exception of EY, are not Cam and Todd Grover. nology-based deals. Andrawes told Business Mr Andrawes signalled consistently big players in BDO News. more acquisitions this year. M&A advisory work. SEARCH “We’ve grown organ- “This is the first cab off BDO’s competition in There are 381 results from our index of 93,212 ically more than we the rank and there will be M&A advisory is likely to articles, 9,182 companies and 31,375 people

8 | businessnews.com.au There are 4,014 results from our index of 93,276 articles, 9,201 companies and 31,434 people for Corporate Finance. BDO buys corporate advisory firm 12 Jan 2018 by Mark Beyer Corporate finance deals Feb 13 to Feb 17 2017 The six partners in BDO’s corporate finance team are Adam Myers (left), chairman 20 Feb 2017 by Edited announcement Sherif Andrawes, ... the lack of competition given the dominance of corporates, Cape Lambert Resources Limited has sold its royalty on the Mayoko iron ore project the lack of consumer awareness around what ... (corporates) have such marketing for $1 million cash subject to the formality of the new owners signing off on the power, so the main thing is promoting what the advantages are in using ... transaction. ...

Babylon to join ASX after $4.5m raising Corporate finance review 2014- SPECIAL REPORT 09 Jan 2018 by Tayler Neale 19 Jan 2015 by Mark Beyer The legal advisor to the listing while BDO Corporate Finance was the investigating Cyclical nature of business in Western Australia – and right now the corporate accountant. ... finance sector is struggling ... can spot opportunities in a difficult situation. For the second year running, corporate finance ... the corporate finance sector, because Goldsworthy, Skira to Power board buried in the 604-page document was a table specifying the fees ... 08 Jan 2018 by Matt Mckenzie former Water Corporation chair Eva Skira have been appointed directors of Western Power, replacing Sharon ... She served as chair of Water Corporation for four years Bolstered Macquarie comes out top in a lean year for corporate to 2016, and was also deputy chancellor of ... included as a governing councillor at finance Edith Cowan University, a director of the Export Finance 16 Jan 2013 by Mark Beyer, Mark Pownall Corporate finance deals falling 40 per cent to $33 billion, WA Business News’ annual survey of the sector ... www.wabusinessnews.com.au/Corporate-Finance Corporate finance deals July 17 to July 21 2017 Macquarie Capital Gresham Partners Hartleys Azure Capital Patersons Securities 24 Jul 2017 by Edited announcement Euroz Securities ... the top corporate advisory spots held by local and national firms, Titanium Sands has raised $300,000 by way of a sophisticated investor placement plus a sprinkling of foreign ... of 42,857,142 fully paid ordinary shares at $0.007 per Share. ...

Corporate finance deals July 10 to July 14 2017 17 Jul 2017 by Edited announcement Pancontinental Oil & Gas NL has successfully completed the acquisition of 100% of the shares of Bombora Natural Energy Pty Ltd. ...

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