HemangShah

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Sydney + 61.2.8272.0715

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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.

Hemang is ranked in Best Lawyers in Australia (2020 and 2021) for commercial law, and he was a finalist in Lawyers Weekly "Special Counsel of the Year" category in 2018.

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 was also 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 and is a regular judge for the Peter Farrell Cup, the university's competitive ideas program. He is also the New South Wales branch president of AMPLA (a membership organization for resources and energy lawyers). He previously served as 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.

Experience

  • Risco Energy sells Tap Oil to independent energy companyJones Day advised Risco Energy Investments Limited in the sale of Tap Oil Pty Ltd, including its subsidiary Tap Energy Pty Ltd, to an independent energy company.
  • Morgans Corporate Limited completes AU$37 million institutional placement by MoneyMe LimitedJones Day advised Morgans Corporate Limited, as lead manager and underwriter, in connection with an AU$37 million institutional placement of Ordinary Shares by ASX-listed MoneyMe Limited.
  • Rich Data Co partners with nCino to enhance lending process using AIJones Day advised Rich Data Co (RDC), an industry leading artificial intelligence (AI) decisioning platform, in connection with a value-added reseller agreement with nCino, Inc., to enhance the lending process for their mutual customers.
  • Esprey sells Delta Electricity to Sev.en Global InvestmentsJones Day advised Esprey Pty Ltd (a subsidiary of Ilwella) in the sale of Delta Electricity, which included a 1,320 megawatt power station at Vales Point, New South Wales and associated coal mine, to Sev.en Global Investments.
  • Westpac invests in KasistoJones Day advised Westpac Banking Corporation in relation to its investment in a New York-based conversational artificial intelligence industry leader, Kasisto, Inc.
  • Cohort Go sold to Flywire Inc.Jones Day advised Cohort Go, a leading fintech business headquartered in Australia, in the sale of the company to Nasdaq listed Flywire Inc., a global payments enablement and software.
  • Mirae Asset and Global X ETFs acquire ETF Securities AustraliaJones Day advised Mirae Asset Global Investments Co., Ltd. and Global X ETFs in the acquisition of ETF Securities, Australia’s pioneering independent ETF provider.
  • Andrew Dzurak and Allectus Capital create leading quantum computing company, Diraq Pty LtdJones Day acted for Professor Andrew Dzurak and Allectus Capital, in the creation of a leading quantum computing company, Diraq Pty Ltd (formerly, SiMOS Newco Pty Ltd) whose founding shareholders consist of the University of New South Wales, Allectus Capital and Professor Dzurak.
  • Qatalyst Partners acts as Afterpay's financial advisor in AU$39 billion acquisition by Square Inc.Jones Day advised Qatalyst Partners in the AU$39 billion acquisition of Afterpay by Square Inc.
  • 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.
  • Centuria merges with Primewest combining two leading real estate platformsJones Day advised Centuria Capital Group (Centuria), a leading multi-sector real estate funds management business, on its merger-of-equals with the Primewest Group (Primewest), an ASX-listed real estate funds management businesses, with assets across a range of listed, unlisted, and private funds.
  • Ord Minnett Limited completes institutional placement and entitlement offer by PropTech GroupJones Day advised Ord Minnett Limited, as sole lead arranger, bookrunner, and underwriter, in connection with an equity raising constituting an institutional placement and entitlement offer by PropTech Group to fund the acquisition by PropTech of Eagle Software, an innovative and modern real estate CRM.
  • Centuria Capital Group acquires 50% interest in Bass CapitalJones Day advised Centuria Capital Group in the acquisition of a 50% interest in Bass Capital Partners Pty Ltd (Bass), a real estate secured non-banking finance provider for development projects, which includes an option to acquire the remaining 50% interest in Bass in five years.
  • ReadyTech Holdings acquires Open OfficeJones Day advised ReadyTech Holdings Limited in its acquisition of leading software provider, Open Office and McGirr (collectively Open Office), which services the government and justice sector, from Pentagon Holdco Pty Ltd.
  • GetSwift completes re-domicile to Canada's NEO ExchangeJones Day acted as Australian legal advisor to GetSwift Limited in its "top hat" scheme of arrangement to create a new Canadian holding company and re-domicile from Australia to Canada, resulting in its delisting from ASX and a new listing on the NEO Exchange in Toronto.
  • Alfred Medical Imaging acquired by I-MED Radiology NetworkJones Day advised Alfred Medical Imaging in its acquisition by I-MED Radiology Network.
  • Ansarada merges with thedocyardJones Day advised Ansarada NewCo Pty Ltd. in its merger with thedocyard.
  • Ai-Media completes A$65.5 million IPO on ASXJones Day advised Access Innovation Holdings Limited, a global provider of technology-driven live and recorded captioning, transcription and translation services, in connection with its A$65.5 million initial public offering on ASX.
  • Ord Minnett Limited completes A$79.1 million institutional placement by Sezzle Inc.Jones Day advised Ord Minnett Limited, as sole lead arranger, bookrunner, and underwriter, in connection with an A$79.1 million institutional placement by Sezzle Inc. and as manager of the non-underwritten share purchase plan.
  • PRP Diagnostic Imaging and PRP Group Investments sold to Crescent Capital PartnersJones Day advised PRP Diagnostic Imaging (PRP) and PRP Group Investments (PRPG) on the sale of PRP to private equity fund Crescent Capital Partners (Crescent).

    • 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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    September 2020 Newsletters

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    October 2019 Commentary

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    Speaking Engagements

    • May 18, 2022
      Australia and India's historic trade deal: Australia-India Economic Cooperation and Trade Agreement presented by Jones Day and the Australia India Chamber of Commerce.

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