Friday, 31 March saw the successful completion of the $686m three-way merger of Andy’s Earthmovers (Andy’s) and Orionstone Holdings with Emeco Holdings.

Madgwicks acted for Andy’s and Andy’s shareholders in conjunction with lead advisor Lisa Wills of Fortem Group in the merger, which now positions the combined company as a world leading solutions provider in the mining and engineering industry.

Madgwicks’ involvement included advising on the restructuring and merger documentation and associated arrangements including share sales, scheme approval, debt restructure, statutory and regulatory compliance and a commercially rewarding outcome was achieved on behalf of its clients.

The $686m three-way merger included a complex creditors’ scheme of arrangement of Emeco Holdings’ noteholders, debt restructure of the merger partners’ financiers and equity exchanges between the merger partners in what was a multi-jurisdictional transaction.

“The successful conclusion of this multi-faceted deal has resulted in a significant and highly rewarding outcome for our client. With so many parties and representative firms and advisors from across the globe involved in the six-month project, our aim from the start was to protect the interests of Andy’s and its shareholders, without compromising the commercial outcome,” said Madgwicks’ Lead Partner, John Caridakis.

“In a sizeable transaction such as this, we take enormous pride in knowing that our strong and strategic representation of Andy’s and its shareholders in this deal provided our client with an excellent outcome.”

Madgwicks’ team was led by Partner, John Caridakis who was assisted by Corporate Partner Peter Hammond.

Latest Firm News

Madgwicks’ Workplace Health & Safety Partner, Luisa Gonzaga recognised in Doyle’s Guide 2024

Madgwicks Lawyers are delighted to announce that Workplace Health & Safety Partner, Luisa Gonzaga, has been named as a Leading Workplace Health and Safety Lawyer (Victoria) in the 2024 edition of Doyle’s Guide.   Doyle’s Guide recognises outstanding professionals across...
4 March, 2024

Workplace Health and Safety Partner Luisa Gonzaga a Partner of the Year Finalist

Congratulations to Madgwicks Lawyers Partner Luisa Gonzaga who has been nominated as a finalist in the Lawyers Weekly Partner of the Year Awards for 2023. The Partner of the Year Awards is the Australian legal industry’s premier event in recognising...
7 June, 2023

Promotions 2023

The Partners at Madgwicks Lawyers are delighted to promote Alexander McGregor to Associate in 2023. Effective from 1 July 2023, his appointment is thoroughly deserved and represents a significant achievement and career milestone. Alexander works within the Corporate Practice of...
29 May, 2023