Paul Schroder

Paul Schroder

Overview

Paul Schroder specialises in cross-border mergers and acquisitions (public & private M&A, capital markets and distressed situations). In particular, he has acted on a number of recent emergency capital raisings, debt to equity restructures and Chinese outbound investments. Prior to joining King and Wood Mallesons, Paul was a partner at a leading African law firm.

Paul continues to be trusted by clients to execute world class cross border and domestic M&A transactions, often with a resources focus. He has acted on many of the market’s leading cross-border deals, bringing with him a deep understanding of the industry and creative solutions to client problems. His client service philosophy, in-depth industry knowledge, cross border transactional experience and project management skills mean that he has worked on some of the market's most significant cross border transactions. Exposure to the resources and associated industries has resulted in Paul being involved in a number of distress and work-out situations. Paul works very closely with the Restructuring and Insolvency team to help clients through the most difficult of circumstances.

Relevant Experience

Paul has a depth of experience acting and advising on strategic cross border transactions:

Restructuring  

  • Flight Centre: on its $700m equity capital raise in rapid response to the impact of COVID 19 on travel (2020)
  • RCR Tomlinson: on its $100m emergency entitlement offer, administration by McGrathNicol and sale processes for RCR Tomlinson businesses (2018)
  • Paladin Energy: Paladin Energy - on its solvent restructuring, voluntary administration and DOCA / s444GA (US$750m owing), (including joint venture with CNNC, debt and equity capital raisings, negotiations with majority creditor and offtaker EDF) (2016-2018)
  • Glencore: on its initial A$155m investment and offtake arrangements with ASX-listed Aurelia Metals (2013) and subsequent refinancings (2015 - 2017)
  • Glencore: on its sub-underwriting of Straits Resources rights offer (2012)
  • Glencore: on its joint venture in Burkina Faso with ASX-listed Blackthorn Resources, expansion and refinancing (2010-2014)

M&A

  • EMR Capital: advised on consortium bid with SGX-listed GEAR on the acquisition of the Ravenswood Gold Mine in Queensland from Resolute Mining for up to $300m (2020)
  • Lone Star: advising US private equity fund on its successful scheme of arrangement for ASX-listed SinoGas with natural gas projects in China ($540m, 2018)
  • EMR Capital: sale of Martabe mine (Indonesia) by competitive process, to successful bidder PAMA (enterprise value of mine US$1.2bn, 2018)
  • GasValpo: sale of GasValpo (Chile) by competitive process to successful consortium bidder Marubeni and Toesca (value undisclosed, 2018)
  • Yanzhou: on successful Takeovers Panel proceedings regarding Yancoal's $2.45bn acquisition of Coal & Allied and related $US2.35bn capital raising (2017)
  • RCR Tomlinson: on its $90m capital raising comprising a $75m placement underwritten by Macquarie and SPP (2017)
  • Novomatic: on its acquisition of a controlling stake in ASX-listed Ainsworth Game Technology for $470m, by a novel structure with multiple Takeover Panel proceedings (2016)
  • Amaysim: acquisition of Click by competitive auction for $120m (2016)
  • Pembroke/Denham: on its $120m acquisition of the Olive Downs coking coal project in Bowen Basin from Peabody and CITIC (2016)
  • Chinalco-led SOE consortium: Simandou iron ore and infrastructure joint venture in Guinea, with Rio Tinto and IFC (2016)
  • GRAM: on its successful hostile takeover of PanAust valued at $1.2bn (2015)
  • RP Data / CoreLogic (NYSE): on its acquisition of Cordell Information from LSE-listed RELX (value undisclosed, 2015)
  • China Molybdenum: on its successful acquisition of Rio Tinto's interest in the Northparkes copper mine, NSW for US$820m, by competitive process (2013)
  • Peet: on its successful takeover of ASX listed property developer CIC and related $124m capital raising (2013)
  • Cathay Fortune: on its $830m contested takeover offer (with China Africa Development Fund) for Discovery Metals (listed on the ASX and Botswana Stock Exchange) with a copper mine in Botswana (2012)
  • ArcelorMittal: on its successful A$5 billion joint bid with Peabody Energy for ASX-listed Macarthur Coal (2011)

Location

Legal insights

So far, the Australian Securities Exchange (“ASX”) has provided a safe harbour for issuers to weather the COVID-19 storm, allowing traditional and accelerated equity raisings. Initially, it was not...

15 June 2020

Head of KWM’s Restructuring and Insolvency Practice Tim Klineberg and M&A Partner Paul Schroder unpack their high-speed $700million Capital raising for Flight Centre, a deal which...

01 May 2020

The perception of Australia as being a relatively “risky” place to sit on a Board has generally focused on the insolvent trading prohibition in section 588G of the Corporations Act 2001 (Cth) and how...

17 December 2019

The seventh annual Global Food Forum was held in Sydney on 20 March. M&A Senior Associate Mark Vanderneut attended the conference.

27 March 2019

This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

For more information on which cookies we use then please refer to our Cookie Policy.