Aaron Kenavan

Partner, Sydney

Biography

“Aaron brings a highly incisive approach that can add a very large amount of value in a short amount of time to keep deals moving in right direction.” – Legal 500

Overview

Aaron Kenavan is a partner in the global M&A and Corporate practice based in Sydney.

Aaron advises clients on listed company takeovers and mergers, share and business acquisitions and disposals, joint ventures and other forms of business collaborations, demergers and capital raisings. He regularly advises on cross-border transactions with experience across a broad range of industries including FMCG, energy/O&G, mining/resources, infrastructure, technology, manufacturing, services, retail and real estate.

Bars and Courts
New South Wales
Education
Bachelor of Laws (Hons)
Queensland University of Technology
Graduate Diploma
Applied Finance & Investment
Securities Institute of Australia
Languages
English

Experience

Experience includes advising:

  • Dexus on the AUD 15 billion merger by trust scheme of Dexus Wholesale Property Fund and a subsidiary of a large global investment manager and the separate acquisition of a subsidiary of a large global investment manager and Australian infrastructure business (AUD 28 billion of FUM).*
  • Asahi on its AUD 16 billion acquisition of Carlton & United Breweries, the Australian arm of Anheuser-Busch InBev.*
  • Chow Tai Fook Enterprises Limited on its AUD 4 billion acquisition of Alinta Energy and AUD 1.7 billion sale of Alinta Pilbara.*
  • Persol Holdings Co., Ltd on its AUD 1.5 billion acquisition of Programmed Maintenance Services by scheme of arrangement.*
  • Equinix, Inc., on its AUD 1.035 billion acquisition of Metronode (data centers).*
  • SABMiller on its unsolicited AUD 12.3 billion takeover of Foster's Group.*
  • Advent International on the US$812 million acquisition by scheme of arrangement of Nuplex Industries Limited.*
  • Bradken on the AUD 975 million takeover bid by Hitachi Construction Machinery Co., Ltd.*
  • Fortescue Metals Group Ltd on numerous transactions including its acquisition of a 19.9% stake in Atlas Iron Limited and its on-market share buy-backs.*
  • Palisade on its acquisition of the North Queensland Gas Pipeline from Victorian Funds Management Corporation.*
  • Alinta Energy on the sale of its assets in the Pilbara region of Western Australia to APA Group for an enterprise value of AUD1.72bn. This included an interest in the Goldfields Gas Transmission Pipeline.*
  • Alinta on its AUD 15.4 billion defence and sale to Babcock & Brown/Singapore Power in response to an unsolicited approach from a MBO vehicle led by the chairman and CEO of Alinta.*
  • Prostar Capital on all their transactions including acquisitions of Eureka Midstream (US, and including its restructuring), Global Terminal Holdings (Fujairah), Tyloo Oil & Gas (China), Kyungnam Energy (Korean city gas), SATSA's Fujairah oil storage terminal (as well as its disposal), NuStar's Caribbean bulk liquids terminal and numerous other midstream oil and gas matters.*
  • PTTEP on the sale of its 100% interest and operatorship in the producing Montara oil project offshore Western Australia to Jadestone Energy.*
  • Kerogen Capital on its "PIPE" into ASX-listed AJ Lucas Group Limited.*
  • R&R Ice Cream and PAI Partners on its acquisition of Peters Food Group.*
  • An agribusiness of a multinational corporation on its AUD 2.2 billion scrip and cash acquisition by Viterra Inc.*
  • Shell on its AUD 10 billion hostile bid for Woodside Petroleum, which was the largest hostile bid in Australia at the time. The transaction was structured to include both cash and a call option under which shareholders could repurchase their shares after Woodside was merged with various assets owned by Shell.*
  • Australian Pipeline Trust on its AUD 450 million bid for GasNet.*
  • A confidential client on its bid for a bulk liquid storage terminal in Singapore.*
  • A confidential client on its proposed joint bid for a major Australian listed LNG company.*
  • Crosby Capital Partners on its hostile bid for Novus Petroleum (the first hostile MBO takeover in Australia).*
  • National Dental Care, a Crescent Capital Partners portfolio company, on its scheme or arrangement to acquire ASX listed Pacific Smiles.*
  • Kerogen Capital on its PIPE investments into AJ Lucas, which owned a significant interest in Cuadrilla Resources which owns a major unconventional exploration portfolio in the UK. Also advised AJ Lucas on its purchase of Riverside's interest in Cuadrilla.*
  • Kerogen Capital on its cornerstone investment and follow-on investments in Twinza Oil (offshore PNG).*
  • Petroserv on its acquisition of a 49% stake in Bothar Boring and Tunnelling Ltd.*
  • Queensland Gas Company on its successful defence of hostile bids from Santos and TCW by making a cornerstone shareholding and gas sale agreement with AGL Energy, and a bespoke share buyback to effectively manage the exit of hedge funds.*
  • A regional NOC on the aborted sale of its entire Australian oil and gas portfolio.*
  • Twinza Oil on its sale of up to a 50% interest in the Pasca A Project (offshore PNG)  to, and strategic cooperation arrangements with, MRDC, as well as restructures of its debt.*

*Experience prior to joining W&C.

Awards and Recognition

"Aaron brings a highly incisive approach that can add a very large amount of value in a short amount of time to keep deals moving in right direction." – Legal 500

"Aaron is a very intellectually agile and tactically aggressive lawyer who adds significant value. He is trusted by his clients and also by advisers to clients." – IFLR1000

"Aaron Kenavan is, in the words of one client, a "very, strong, very commercial lawyer" for whom several peers express their "high regard". Equally at home in the public M&A and equity investment spheres, he takes leading roles on many of the practice's key mandates." – Asia Pacific Chambers & Partners

"One of the strongest technical lawyers and a tough negotiator, whilst referees speak of his fantastic M&A and public markets experience and excellent client relationships." – Chambers & Partners