Roger Davies is a leading corporate transactions specialist, with a strong mergers and acquisitions focus. Roger is known for his technical expertise, deal track record and practical, outcomes-focused approach to matters. He has 30 years' experience in listed public company takeovers and mergers/acquisitions, as well as in equity securities offerings and corporate advisory.
Roger is a trusted advisor to listed public company boards. He regularly assists directors and management to successfully navigate complex legal issues in high profile transactions that often involve significant public scrutiny, and which require sound commercial as well as legal judgement.
On a sector basis, Roger has particular expertise in the mining and natural resources industries, acting on domestic and cross-border transactions in jurisdictions and markets including Africa, Australia, Canada, China and the UK. He also has experience in the education and automotive sectors.
Roger’s experience includes working with:
- Western Areas on its AUD1.26 billion acquisition by IGO by scheme of arrangement.
- 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).
- Iluka / Deterra Royalties: Appointed by Iluka to advise Deterra Royalties on its demerger from Iluka Resources, with Deterra Royalties' cornerstone asset being the Mining Area C royalty (with BHP).
- 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.
- Automotive Holdings Group On its response to an unsolicited, and ultimately agreed, off-market takeover bid by Eagers Automotive (formerly known as A.P. Eagers). The combined market capitalisation of the merged group was approximately AUD2.3 billion, with the bid valuing AHG at approximately AUD836 million on a standalone basis.
- 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.