Lend Lease Corporation (Primelife)
Gresham advised Lend Lease on its privatisation of the ASX listed vehicle, Lend Lease Primelife Group (Primelife). Primelife is one of Australia's largest integrated owners, operators and developers of senior living communities.
The acquisition was effected by a scheme of arrangement and trust scheme that required Primelife securityholder approval and court approval.
The transaction followed Lend Lease's $195 million recapitalisation and restructure of Primelife in 2008 (on which Gresham also advised).