Antonella Pacitti is a public markets specialist, with a reputation for guiding her clients to realise optimal capital structuring outcomes and value delivery to stakeholders through strategic M&A. Her sector focus is predominantly Energy & Resources, with deep experience in the Industrials sectors too.
She has almost 20 years of dealmaking experience, and her capabilities span all facets of M&A and equity capital markets work. Antonella works from a strong governance foundation, regularly guiding boards of directors and management in their responses to complex legal and governance issues. Her approach translates equally across our clients’ decision making function and she is noted for her commercial instinct.
Antonella’s experience includes working with:
- Galaxy Resources on its AUD4 billion merger with Allkem Limited, having previously acted on its AUD161 million equity raising and financing package.
- Northern Star on its AUD16 billion merger of equals with Saracen Mineral Holdings, and before that on its USD800 million acquisition of a 50% interest in KCGM (including the iconic Super Pit) and the associated equity raising.
- Navitas on its AUD2.3 billion acquisition by a private equity consortium led by BGH Capital (and also involving a founding shareholder and then current director of Navitas, and Australian Super).
- Programmed Maintenance Services on its acquisition by PERSOL Holdings Co. Ltd. of Japan (for AUD992 million enterprise value), and continuing to act for both Programmed and PERSOL since, including on Programmed’s recent acquisition of the Western Australian public housing maintenance provider, Pindan Asset Management (then in administration) and Kincare's Australia-wide, in-home disability support business.
- Hancock Prospecting on its contested (and ultimately successful) unsolicited, off-market takeover bid for Atlas Iron (valued at approximately AUD427 million),including advising on Takeovers Panel proceedings brought in the course of the bid.
- Macmahon Holdings on its successful defence of an off-market takeover bid by CIMIC Group (valued at approximately AUD175 million), including advising on Takeovers Panel proceedings brought in the course of the bid.
- Atlas Iron on its financial restructuring by way of creditors scheme of arrangement, involving a debt for equity swap and release of Sons of Gwalia style subordinate claims without requiring a meeting of those creditors (the first time that the relevant provisions of the Corporations Act had been applied and approved by the courts).
