King & Wood Mallesons (KWM) is extremely proud to have advised Vaughan Strawbridge, Paul Harlond, Chris Hill and Kathryn Evans of FTI Consulting Australia as receivers and managers on all aspects of the receivership of the Basslink Group of Companies. Basslink owns and operates the interconnector cable that links Tasmania with the mainland. It is a vital piece of Australian electricity infrastructure.
The sale of the interconnector cable and telecoms business to APA Group which completed on 20 October 2022. We heartily congratulate Julian Peck, Kay Stuart, Liam Dunstan and the entire APA team and wish them all success in future with the asset.
The sale to APA Group addresses most of the outstanding matters in what has been a highly complex and technically challenging matter. The KWM team was led by Partner, Tim Klineberg (Head of Restructuring & Insolvency, Australia) with support from Partner, Tony Troiani (Restructuring & Insolvency), Partner, Mark Vanderneut (Mergers & Acquisitions) and Senior Consultant, Andrew Monotti (Energy) as well as Senior Associate, Zoe Kaesehagen and Solicitor, Sebastian Grant-Preece from the Restructuring & Insolvency team. There were also a number of important contributions from our wider teams based in our Melbourne and Sydney offices.
