Corporate Advisory

Gresham's Corporate Advisory is a leading Australian mergers & acquisitions / corporate advisory business.

It is one of the largest and highest ranking independent corporate advisors operating in the Australian market.

 

Transactions

Wesfarmers
2007

Transactions

AsiaMoney 2007 M&A Deal of the Year

FinanceAsia 2007 Best M&A Deal

Gresham advised Wesfarmers on its acquisition of Coles Group Limited by Scheme of Arrangement. The transaction involved a combination of cash and Wesfarmers shares, and valued Coles at approximately $20 billion.

Coles is Australia's second largest retailer, with businesses in supermarkets, general merchandise, liquor, fuel and convenience, and office supplies.

Coles began an ownership review process in February 2007, which involved a number of international private equity funds and retailers.

Gresham, along with co-advisers Macquarie Bank, advised Wesfarmers on all aspects of the transaction, including stake building, structuring, valuation and bid strategy.

Wesfarmers originally submitted a non binding proposal in April 2007, after securing voting rights over 12.6% of Coles shares. Following due diligence, Wesfarmers prepared a revised offer for the Coles Board, comprising a combination of shares and cash. The offer was recommended by the Coles Board in July 2007, and was enhanced in September 2007 through the introduction of Wesfarmers Partially Protected Shares (WPPS), which provide a level of downside price protection in relation to half of the share component of the offer.

The transaction received the required shareholder and court approvals in November 2007.

Corporate Advisory

Australia’s leading independent M&A and corporate advisory business.

Funds Management

Manager of specialist funds via debt, mezzanine and preferred equity investment and as agent for our international affiliate partners.

Property

Providing a full suite of advisory, financing and structuring solutions to the property and development industry.

Capital Solutions

Gresham offers a range of independent debt solutions including debt advisory, financial restructuring and structured capital.

Careers

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Gresham is always looking for highly motivated and enthusiastic candidates who have the drive to solve problems and achieve results on behalf of our clients.