Leading national law firm Mills Oakley has advised Bureau Veritas Australia in respect of one of its largest acquisitions in Australasia to date – the acquisition of The APP Group from Five V Capital.
The transaction represents the latest in a series of acquisitions where Mills Oakley has supported Bureau Veritas, a listed Paris-based international conglomerate with over €5.8 billion in revenue.
The Mills Oakley team was led by the Bureau Veritas relationship M&A Partner Daniel Livingston, M&A Partner James McCarthy and M&A Senior Associate David Goldberg, together with a team of experts from across the firm.
Mills Oakley advised on all aspects of the transaction, including due diligence, regulatory and compliance matters, warranty & indemnity insurance matters and negotiation of the Share Purchase Agreement.
Completion of the acquisition remains subject to FIRB approval.
Commenting on the transaction, Mr Livingston said: “Mills Oakley has enjoyed a long relationship with Bureau Veritas and it was a pleasure to work again with the teams at Bureau Veritas in Australia, Singapore and Europe, together with Miles Advisory and EY to achieve a fantastic result for the company.”
Bureau Veritas General Counsel, Risk & Compliance Officer APAC, Shaun Bell said: “It’s always a pleasure to work with Dan Livingston and the Mills Oakley team. We look forward to completing the transaction with Mills Oakley’s further support, and always appreciate Dan’s and his team’s responsiveness, technical expertise, commercial insight and practical approach to working with us and our counterparts on our deals, always with the final outcome in sharp focus.”
Founded in 1828, Bureau Veritas is a global leader in testing, inspection and certification services. Bureau Veritas operates in over 140 countries, employing more than 83,000 people across a network of 1600 offices and laboratories.
The APP Group is one of Australia’s leading integrated infrastructure and property consultancy businesses with a 30-year history of involvement in Australia’s major infrastructure projects.
Five V Capital, one of Australia’s leading private equity funds, acquired The APP Group from Ventia in early 2021.
Clifford Chance acted for the Vendors.