HemangShah

Of Counsel

Sydney + 61.2.8272.0715

Hemang Shah has advised on transactions with an aggregate value in excess of A$100 billion. He is an accomplished corporate lawyer in public and private M&A, equity capital markets, complex business transactions, and IPOs in Australia and abroad. His clients operate in a wide variety of business sectors including infrastructure, financial services, technology, and mining.

Prior to joining Jones Day in 2018, Hemang represented numerous clients including a 25 percent consortium member in the successful A$7.6bn bid for Endeavour Energy from the New South Wales government. In 2011, Hemang joined ASX-listed Gloucester Coal as one of the youngest general counsels on the ASX 200. In this role he led the company through a major capital raising and associated acquisitions as well as their merger with Chinese controlled Yancoal. Hemang was appointed general counsel of the listed merged group, Yancoal Australia, with mining assets totaling A$8 billion. During this time he also was a director of Middlemount Coal, an incorporated joint venture between Yancoal and Peabody.

Hemang lectures at the University of New South Wales as part of their Founders Program designed to inspire entrepreneurial thinking. He also was an advisory committee member of the Australian Association of Mining and Exploration Companies, was part of FinTech Australia's Equity/Debt Crowdfunding Working Group that reviewed proposed amendments to the fundraising provisions of the Australian Corporations Act, and participated in Tata Consultancy Services' Future Leaders Summit. Hemang regularly provides pro bono legal services, most recently giving assistance to the Gidget Foundation, a nonprofit organization supporting the emotional well-being of expectant and new parents.

Experience

  • Inflexion Private Equity acquires Aspen PumpsJones Day advised Inflexion Private Equity Partners LLP, one of the UK's leading mid-market private equity firms, on its acquisition of the Aspen Pumps group from 3i Group plc.
  • Sasser Family Holdings sells CF Asia Pacific to Anchorage Capital PartnersJones Day represented Sasser Family Holdings, Inc. (SFH) in the sale of CF Asia Pacific to a company controlled by one or more entities managed or advised by Anchorage Capital Partners.
  • True Capital invests £26 million in Soulfresh GroupJones Day represented True Capital Limited in connection with their £26 million investment in the Soulfresh Group, a food and beverage group headquartered in Melbourne, Australia providing a range of produce with a health and sustainability focus including fermented beverages and plant-based food and drinks.
  • Centuria Capital acquires 50 percent voting interest and 63.06 percent economic interest in Centuria HeathleyJones Day advised Centuria Capital Limited on the acquisition by its wholly-owned subsidiary, Centuria Platform Investments Pty Ltd, of a 50 percent voting interest and 63.06 percent economic interest in Heathley Limited's property funds management platform, forming a specialist healthcare funds manager, Centuria Heathley.
  • KPMG Australia acquires Ferrier HodgsonJones Day advised KPMG Australia in its acquisition of Ferrier Hodgson, a leading independent restructuring, turnaround and insolvency firm in Australia.
  • Centuria Industrial REIT (CIP) unsuccessful takeover proposal from PropertylinkJones Day advised Centuria Industrial REIT (CIP) in the attempted A$755 million ($548.3 million) unsolicited indicative and non-binding proposal from Propertylink Group to acquire all of the units in Centuria Industrial REIT by way of an agreed off-market takeover offer.
  • The following represents experience acquired prior to joining Jones Day.

    Represented the Commonwealth Bank of Australia on its proposed A$3.8 billion sale of its Australian and New Zealand life insurance business to AIA.

    Represented the founders of PageUp People Limited on the acquisition of a controlling stake by Battery Ventures.

    Represented Bell Potter as lead manager and underwriter on: the Elixinol Global Limited IPO and the Credible Labs Inc. IPO.

    Represented two members of the consortium that acquired the rail business of Pacific National (valued at circa A$5bn) in connection with the completed A$12 billion takeover of Asciano.

    Advised Vodafone on the Australian aspects of its proposed US$4.2 billion merger with Sky Network Television.

    Represented ASX-listed Royal Wolf Holdings Limited in relation to the takeover bid by its majority shareholder General Finance Corporation.

    Advised ASX-listed Eclipx Group Limited on its A$180 million acquisition of Grays eCommerce Group Limited by way of a scrip funded scheme of arrangement.

    Represented ASX-listed Eclipx Group Limited on its A$70 million acquisition of Right2Drive funded by Eclipx scrip.

    Represented ASX-listed UGL Limited in relation to the unsolicited takeover by CIMIC.

    Represented ASX-listed STW Communications on the proposed A$512 million acquisition of WPP's Australian and New Zealand businesses to be funded by STW scrip.

    Represented Telstra Limited as a 50 percent stakeholder in Foxtel, concerning Foxtel's acquisition of a 13.84 percent stake in Ten Network Holdings Limited.

    Represented Pepper Group Limited on its A$471 million IPO and associated listing on the ASX.

    Represented the joint lead managers on Australia and New Zealand Banking Group's A$970 million Capital Notes 3 offer.

    Represented oOh!media Limited on its initial public offering and listing on the ASX valuing oOh!media at A$365.5 million.

    Represented UBS AG, Australia Branch and CIMB Capital Markets (Australia) in their role as bookrunners and joint lead managers of Centuria Property Funds Limited's A$114.3 million initial public offering.

    Represented Goldman Sachs and Wilson HTM as joint lead managers in relation to Touchcorp Limited's initial public offering and listing on the ASX that valued Touchcorp at A$162.3 million.

    Represented Transfield Services Limited on its A$575 million acquisition of Easternwell Drilling and associated $295 million 2 for 9 accelerated non-renounceable entitlement offer to part fund the acquisition.

    Represented Midwest Corporation Limited in the A$1.36bn takeover by Sinosteel.

    Represented Bolnisi Gold on its A$1bn merger with Coeur D'Alene Mines Corporation by way of a scheme of arrangement.

    Represented the independent directors of Allco Equity Partners in relation to the Airline Partners Australia $11.1bn bid for Qantas Airways Limited.

    Represented the consortium led by the Royal Bank of Scotland on Australian aspects of the successful cross-border, hostile, break-up €71.1bn bid of ABN AMRO.

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