Current practice

Tim is a partner in the Corporate group of Freehills with particular expertise in equity capital markets matters acting for both issuers and underwriters/lead managers.    

Industry experience

Tim has acted on initial public offerings, secondary capital raisings (including entitlement offers using JUMBO and RAPIDS™ structures and placements), hybrid security offers, schemes of arrangement for companies and managed investment schemes and negotiated acquisitions and disposals. Tim’s transaction experience has been in relation to both companies and managed investment schemes.

He has provided extensive advice on Corporations Act compliance for companies and managed investment schemes, the ASX Listing Rules, directors’ duties, related party transactions, capital reductions, DRPs, share buy-backs and corporate governance issues. Tim has had significant interaction with ASIC and the ASX in relation to obtaining waivers and relief to facilitate various transactions.

Recent projects in which Tim has played a significant role include:

• The Babcock & Brown/Singapore Power acquisition of Alinta Limited through a scheme of arrangement.
• Macquarie Communications Infrastructure Group’s acquisition of Global Tower Partners and associated US$200 million Singapore listed exchangeable bond offer.
• CFS Retail Property Trust’s $600 million Singapore listed exchangeable bond offer.
• Macquarie Communications Infrastructure Group’s $625 million placement of ordinary securities and $725 million Singapore listed exchangeable bond offer in relation to its acquisition of interests in National Grid Wireless and Airwave 02.
• Babcock & Brown Wind Partners’ $156 million placement.
• Babcock & Brown Infrastructure’s $422 million placement.
• The initial public offer of Babcock & Brown Power.
• HFA Asset Management’s offering of the unlisted HFA Partners Fund and HFA Alternative Yield Fund.
• Orica Limited’s rights issue and offer of Step-Up Preference Securities to fund its acquisition of interests in Dyno Nobel.
• Babcock & Brown Limited’s three offers of listed subordinated notes.
• Babcock & Brown Japan Property Trust in relation to its initial public offer, accelerated entitlement offer and subsequent placements.
• Australian Infrastructure Fund in relation to its entitlement offer to fund its investment in Hochtief AirPort Capital.
• Hastings Diversified Utilities Fund in relation to the issue of TAPS hybrid securities.
• Macquarie Communications Infrastructure Group in relation to its rights offer using a RAPIDS™ offer structure in relation to its acquisition of ntl Broadcast.
• Babcock & Brown Infrastructure in relation to its entitlement offer to fund the acquisition of IEG and in relation to its acquisition of Powerco.
• Promina Group Limited on its $300 million offer of reset preference shares.
• Commonwealth Bank of Australia on its $750 million offer of Perpetual Exchangeable Resettable Listed Securities (PERLS II).
• The initial public offering of Pacific Brands Limited.
• The initial public offering of Promina Group Limited.
• Underwriting—acting for the underwriters/lead managers in the offers undertaken by Patties Foods, Bradken, Macquarie DDR, Virgin Blue, CSL, Leighton Holdings Limited, Toll Holdings Limited, Great Southern Plantations, Macquarie ProLogis, Deutsche Industrial Trust, Insurance Australia Group (RPS 2), Insurance Australia Group (capital raising for the CGU and NZI acquisitions), Centennial Coal and Amcor Limited.

Professional background

Tim is admitted to practice in Victoria and New South Wales and holds Bachelor of Laws (Honours) and Bachelor of Commerce degrees from the University of Melbourne.

Tim has been with Freehills since 1996 and has practised in both the Melbourne and Sydney offices.