Ashurst advises Apex Partners on A$116 million proposed acquisition of DRA Global

Global law firm Ashurst has advised Apex Partners Holdings (Apex) on a scheme of arrangement under which Apex Capital Partners Limited (ACP), a wholly-owned subsidiary of Apex, will acquire 100% of the shares in DRA Global Limited (DRA). Apex currently holds a 30.9% interest in DRA. Under the scheme DRA shareholders will be given a choice of receiving cash and/or shares in ACP in exchange for their shareholding in DRA.

ACP is a special purpose South African company and a wholly-owned subsidiary of Apex. DRA is an international multi-disciplinary engineering, project delivery and operations management group, predominantly focused on the mining, minerals, and metals industry with operations in Australia and throughout Africa.

Ashurst partner Murray Wheater said:

"Ashurst is delighted to have advised Apex (alongside Webber Wentzel) on ACP's entry into a scheme implementation deed with DRA. We look forward to continuing to support Apex to complete this transaction."

The Ashurst team was led by partner Murray Wheater, who was assisted by: consultant Greg Golding, senior associate Josh Walsh, and associate Reuben Edlin (Corporate Transactions).