TRILITY is a leading private and independent water utility service provider which operates across Australia and New Zealand's municipal and industrial sectors. It operates a significant number of Australian water, wastewater and desalination plants, including the Adelaide Desalination Plant, Macarthur Water Treatment Plant in New South Wales, Mundaring Water Treatment Plant in Western Australia, Redcliffe Wastewater Treatment Plant in Queensland, and irrigation systems in South Australia and Victoria.
Ashurst advised the Sellers and TRILITY on the sale process, vendor legal due diligence, the negotiation of the transaction and the process for obtaining third party consents. The transaction was also subject to Foreign Investment Review Board (FIRB) approval.
The cross-border team was led by partners
Natsuko Ogawa (Corporate) and Tanya Denning (Resources & Utilities). The team in Australia included partners
Kylie Lane and
Simon Fraser, counsel Arabella Dove and lawyers Angela Li, Ryan Kabat, James McGhie, Tammy Kamil, Carrie Hui, Takako Yoshizawa, Jonathan Bisset and Stephen Moore with graduate Jarred Gerson (Corporate); partner
Jeff Lynn, senior associates Cassandra Wee and
Jo Slater with lawyers Sara Malek and Jacinta Pitos (Resources & Utilities); counsel
Justin Jones and lawyer Adelle Elhosni (Competition); partner
Ian Kellock with senior associates Bronwyn Kirkwood and Elke Bremner (Tax); partners
Jane Harvey and George Cooper, senior associate Abigail Cooper, and lawyers Bridget Shelton and Olivia McIntosh (Employment); partner
Robert Jamieson, senior associate
Jane Hall with lawyer Sophie Westland (Environment); partners
Kellech Smith and
Tim Brookes, counsel
Emma Butler, senior associates
Geoff McGrath,
Stuart D'Aloisio and Liam Nankervis with lawyers Ted Talas, Ivy Keane and Tim Rankin (IP/TMT);
partner Andrew Gay and lawyers Jake Saccardo and David Wang (Property); partners Michael Sloan, Simon Irvine and Kenneth Nguyen, senior associates Douglas Fung and Keith Loke with lawyers Timon Ibrahim and Alexandra Rennie (Finance); partner Rehana Box (Insurance); senior associate James Clarke and lawyers Tim Blair, Rebecca Lew and Melanie Wong (Disputes); with counsel Emma Forbes (Legal Technology). The team in Tokyo included partner Kensuke Inoue and associate Naota Suzuki (Finance Regulatory).
Completion of the transaction occurred on 24 April 2018.
