Max O.Rose

Associate

Brisbane + 61.7.3085.7013

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Max Rose advises unlisted and listed clients on public and private M&A, equity capital markets, and general corporate and commercial matters.

Max recently acted for the Queensland Investment Corporation (QIC) on its debt and equity investment and participation on behalf of the State of Queensland in the recapitalization and acquisition out of administration of Australia's second largest airline, Virgin Australia, by Bain Capital (Mergermarket's M&A Deal of the Year for 2020). He also advised QIC on its cornerstone investment in the initial public offering of Dalrymple Bay Infrastructure Limited.

He has advised domestic and international clients on transactional matters, including business acquisitions and disposals, equity capital raisings, corporate restructurings, regulatory compliance (including Corporations Act and ASX listing rule compliance), and goods supply and procurement contracting.

Max has advised clients across a broad range of sectors, including energy and resources, funds management, agribusiness, medical biotechnology, and building and construction.

He recently worked on the corporate restructurings of an ASX-listed company to a stapled company and trust structure and the redomiciliation of an ASX-listed company to the United States.

While in law school, Max worked at the Queensland Land Court, where he focused on mining tenement disputes.

Experience

  • Allkem sells Borax ArgentinaJones Day advised Allkem Limited in the sale of Borax Argentina to Golden Wattle Springs Pty Ltd.
  • Portt sold to Advanced Business Software and Solutions LimitedJones Day advised the shareholders of Portt on its acquisition by Advanced Business Software and Solutions Limited.
  • Hornblower Group acquires Journey BeyondJones Day advised Hornblower Group, Inc. in its acquisition of Australia's leading experiential travel group, Journey Beyond.
  • Beforepay completes A$35 million IPO on ASXJones Day advised Beforepay Group Limited, a leading provider of Pay on Demand services in Australia, in connection with its A$35 million initial public offering on the ASX.
  • Orocobre merges with Galaxy Resources to form top five global lithium chemicals companyJones Day advised Orocobre Limited (Orocobre), an ASX and TSX-listed global lithium carbonate supplier with operations in Argentina, on its merger-of-equals with Galaxy Resources Limited (Galaxy), an ASX-listed global lithium company with operations in Australia, Argentina, and Canada, creating a top five global lithium chemicals company (by market capitalization).
  • Coronado Global Resources completes US$550 million in combined financingJones Day represented Coronado Global Resources Inc., in connection with (i) an offering of US$350 million aggregate principal amount of 10.750% Senior Secured Notes due 2026, (ii) a secured asset-based revolving credit agreement in an initial aggregate principal amount of US$100 million, and (iii) an offering of US$100 million aggregate principal amount of shares of its Common Stock in the form of CHESS Depositary Interests, which are listed on the Australian Stock Exchange.
  • Bentley Systems acquires E7Jones Day advised Bentley Systems, Incorporated on its acquisition of E7 Pty Ltd, a Brisbane, Australia-based leader in field-based construction delivery software for heavy civil construction.
  • Anteris Technologies issues A$20 million funding package provided by Mercer Street Global Opportunity FundJones Day advised Anteris Technologies Ltd, a structural heart company focused on developing innovative and durable health solutions through better science and better design, on a A$20 million funding package provided by Mercer Street Global Opportunity Fund, LLC, comprising of A$1 million placement of Ordinary Shares, A$1.5 million worth of Convertible Notes (with a further $1 million worth of Convertible Notes subject to shareholder approval) and a A$16.5 million discretionary drawdown facility.
  • CVC Emerging Companies Fund invests in Studiosity Pty LimitedJones Day advised the CVC Emerging Companies Fund on its minority investment, with Online Education Services Pty Ltd (a subsidiary of SEEK Limited), in Studiosity Pty Limited, an online education service.
  • Sheffield Resources forms joint venture with Yansteel on Thunderbird Mineral Sands ProjectJones Day advised Sheffield Resources Limited (Sheffield) (ASX: SFX) on the formation of a joint venture with Yansteel on the Thunderbird Mineral Sands Project.
  • Verbrec acquires Energy Infrastructure ManagementJones Day advised Verbrec Ltd (formally known as LogiCamms) in its acquisition of Energy Infrastructure Management for just over AU$10 million.
  • MAAS Group Holdings Limited (MAAS) completes A$145.6 million IPO on Australian Securities ExchangeJones Day advised MAAS Group Holdings Limited (MAAS) in connection with its A$145.6 million initial public offering on the Australian Securities Exchange (ASX).
  • Five9 acquires Inference Technologies GroupJones Day advised Five9, Inc. in its acquisition of Inference Technologies Group, Inc., a leading global provider of Intelligent Virtual Agents for sales and service organizations.
  • Eildon Capital acquires Eildon Funds Management Limited from CVC LimitedJones Day advised Eildon Capital Limited in its acquisition of Eildon Funds Management Limited from CVC Limited to internalize its investment management function to form an integrated real estate investment and funds management business.
  • QIC invests A$200 million in restructuring of Virgin AustraliaJones Day advised the Queensland Investment Corporation (QIC) on its A$200 million combined debt and equity investment and participation in the A$3.5 billion recapitalization and acquisition out of administration of Australia's second largest airline, Virgin Australia, by Bain Capital.
  • QIC takes AUD$128.47 million cornerstone stake in AUD$1.286 billion IPO of Dalrymple Bay Coal TerminalJones Day advised QIC Ltd in connection with its cornerstone investment in the proposed AUD$1.286 billion initial public offering on the Australian Securities Exchange of Dalrymple Bay Infrastructure Limited (DBI), the owner of the Dalrymple Bay Coal Terminal (DBCT) in Queensland, Australia, which is the world’s largest metallurgical coal export terminal.
  • Orocobre raises A$156 million by way of placement and share purchase planJones Day advised Orocobre Limited, a dual ASX and TSX-listed lithium chemicals producer, on a A$156 million capital raising by way of a fully underwritten placement to institutional investors of A$126 million and non-underwritten share purchase plan to shareholders in Australia and New Zealand of up to A$30 million.
  • Sheffield Resources completes A$12.9 million placement of Ordinary Shares by YansteelJones Day advised Sheffield Resources Limited (ASX: SFX) (Sheffield), a mineral sands-focused explorer and developer headquartered in Perth, Western Australia, in connection with a placement of shares to YGH Australia Investment Pty Ltd (Yansteel) for A$12.9 million.
  • GARDA Capital internalization proposal from GARDA Diversified Property FundJones Day advised the GARDA Capital Group, which entered into a scheme implementation deed with the GARDA Diversified Property Fund (the "Fund") pursuant to which the Fund internalized its current external management functions and created a new diversified property group.
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    April 2021 Commentary

    Highlights from ASIC's Latest Corporate Finance Update

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