Hall & Wilcox facilitates $70 million quarry business sale: A seamless transaction
In a recent transaction, Hall & Wilcox, a prominent Australian law firm, provided advisory services to the shareholders of Casacir Pty Ltd in the sale of their shares in the company
In a significant deal, Hall & Wilcox has recently provided counsel to the owners of Casacir Pty Ltd regarding the sale of their shares in the company. This transaction encompasses the disposal of several quarries situated in Eastern Victoria, marking a deal valued at around $70 million.
The buyer in this acquisition is a controlled entity of Maas Group Holdings Limited, a prominent ASX-listed entity. This acquisition expands Maas Group Holdings' footprint in the quarry industry, following their acquisition of the Victorian Dandy Premix quarry business in 2022, a deal in which Hall & Wilcox also provided advisory services to the seller.
The legal intricacies of the sale were handled by a proficient team at Hall & Wilcox, comprising a cross-practice group led by Partner James Morvell and Special Counsel James Bull. Additional key members included Partner Natalie Bannister, Special Counsels Audrey Leahy and Jeanette Lui, along with Lawyers Meher Kyani and Georgia Macri, and Paralegal Ross Burnett.
The scope of Hall & Wilcox's involvement encompassed advising, preparing, and negotiating the share sale and purchase agreement, property contracts of sale, as well as security and mortgage documents. Furthermore, the team ensured the smooth completion and settlement of the transactions, overseeing the corporate, real estate, and financing aspects within the designated timeline.
James Morvell expressed satisfaction in assisting Casacir's shareholders throughout the sale process. He remarked, "It was a pleasure to assist Casacir’s shareholders on this sale, and to work with parties and advisers who all strove to achieve a successful transaction outcome for both sides. The cross-practice Hall & Wilcox team worked seamlessly to ensure that the corporate, real estate and financing aspects of the interdependent transactions all ran smoothly and in accordance with the deal timetable."
The successful completion of this transaction underscores Hall & Wilcox's expertise in facilitating complex deals within the quarry and broader corporate landscape, reinforcing their reputation as a trusted legal partner in navigating intricate business transactions.