Rhys Casey

Rhys Casey

Rhys Casey is a partner in the Corporate M&A team in the Brisbane office of King & Wood Mallesons.

Rhys is a transactional and corporate advisory lawyer specialising in corporate and commercial law with an emphasis on public company takeovers and schemes, private M&A and private equity, joint ventures, reconstructions and capital raisings (including IPOs, hybrids and secondary raisings for companies, mutuals and funds).

Rhys also regularly provides general corporate advisory support to clients, with a particular emphasis on corporate law, governance, directors’ duties and securities law.

Rhys has experience across a range of industry sectors including financial services, energy and resources, infrastructure, agribusiness, retail and gaming.

Rhys was named Lawyer of the Year for Mergers and Acquisitions in Brisbane in the 2020 edition of Best Lawyers and is recognised in Doyle’s guide as a leading corporate lawyer in Queensland.

Representative matters

Public M&A

  • The Star Entertainment Group - strategic alliance with Chow Tai Fook Enterprises and Far East Consortium and A$500m equity placement
  • Auswide Bank – demutualisation and acquisition via a cash and scrip scheme of arrangement of Your Credit Union (the first merger between a listed bank and a mutual ADI in over a decade in Australia)
  • Firstmac – on-market takeover bid for Goldfields Money
  • Westside Corporation – off-market takeover bid for Armour Energy
  • Brisbane Airtrain – acquisition by USS by way of three interconditional schemes of arrangement
  • Horizon Oil – proposed merger of equals by way of scheme of arrangement with Roc Oil
  • Casinos Austria and Accor – as the largest institutional unitholders in connection with the off-market takeover by Aquis for the Reef Casino Trust
  • Acer Energy – off-market takeover by Drillsearch
  • MSF Sugar – off-market takeover by Mitr Phol Sugar Corp
  • Oaks Hotels & Resorts – off-market takeover by Minor International
  • Dart Energy – off-market takeover of Apollo Gas
  • Arrow Energy – off-market takeover bid for Pure Energy Resources

Private M&A / Private Equity / Joint Ventures

  • Suncorp – divestment of its Australian wealth business via a sale of shares in Suncorp Portfolio Services Limited to LGIAsuper following a competitive process
  • Bank of Queensland – acquisition of ME Bank and associated $1.35bn capital raising comprising an underwritten institutional placement and non-renounceable entitlement offer
  • Aurizon - structural separation of above and below-rail businesses via an internal reorganisation, debt restructure and $2.88bn capital reduction
  • Super Retail Group - acquisition of outdoor adventure retailer Macpac from CHAMP Ventures
  • Cognizant – Australian advisor in relation to acquisition of Contino Holdings Inc
  • Suncorp Insurance Ventures – acquisition of 49% interest in ACM Parts Pty Ltd from US-based LKQ Corporation
  • Tor Asia Credit Master Fund LP - acquisition of Marrakech Road Pty Ltd via subscription and sale
  • Autoguru Australia - capital raising and debt restructure to facilitate cornerstone investment by Youi
  • Auswide Bank – investment in P2P lender MoneyPlace and subsequent sell-down to Liberty Financial
  • AACo - co-investment into Nucleus Biologics with Tavistock Group
  • Bluefin Investments – acquisition of shares in SG Fleet Group
  • Super Retail Group – establishment of AutoCrew joint venture with Bosch
  • Horizon Oil – recapitalisation via a US$50m mezzanine debt finance package and associated option issuance
  • Ergon Energy – investment (alongside CSIRO) in energy technology start-up HabiDapt
  • Casinos Austria – sale of Casino Canberra Limited (the licensee of the Canberra Casino) to Aquis
  • MSF Sugar - establishment of the Northern Milling Joint Venture with Bundaberg Sugar and subsequent acquisition of Bundaberg Sugar’s northern milling assets
  • QIC Global Private Equity – investments into Ostwald Construction Materials and Water Utilities Australia
  • QIC Limited – acquisition of Queensland Motorways from the Queensland Government
  • Super Retail Group – acquisition of Rebel Group (owner of Rebel Sport and A-Mart All Sports) from Archer Capital
  • RACQ – acquisition of Suncorp Group’s 50% shareholding in RACQ Insurance
  • BHP Billiton Mitsubishi Alliance – acquisition of the New Saraji Coal Project from New Hope Corporation
  • BG Group – acquisition of interests in QGC

IPOs / Hybrids / Secondary Raisings

  • Suncorp – $250m floating rate, unsecured wholesale subordinated notes issue to fund Tier 2 capital
  • Bank of Queensland – $250m Capital Notes 2 offer to raise Additional Tier 1 Capital to replenish BOQ’s previously redeemed Wholesale Capital Notes
  • Super Retail Group – $203m underwritten accelerated pro-rata non-renounceable entitlement offer
  • Namoi Cotton Limited – placement and share purchase plan
  • Suncorp – A$194m resale and conversion of convertible preference shares (CPS3) 
  • The Star Entertainment Group – $75m underwritten dividend reinvestment plan put in place to manage The Star’s deferred interim divided during COVID-19
  • Suncorp - $389m Capital Notes 3 offer to raise Additional Tier 1 Capital and CPS3 reinvestment offer
  • Bank of Queensland - $250m institutional placement and $90m share purchase plan
  • Suncorp - $600m floating rate, unsecured, wholesale subordinated notes offer to fund Tier 2 capital and related redemption of SUNPDs (KangaNews Deal of the Year)
  • Bank of Queensland - $350m Capital Notes offer to raise Additional Tier 1 Capital and CPS reinvestment offer
  • Suncorp - $375m Capital Notes 2 offer to raise Additional Tier 1 Capital and CPS2 reinvestment offer
  • GARDA Diversified Property Fund – IPO and ASX listing of units
  • National Storage REIT – IPO and ASX listing of stapled securities and subsequent underwritten institutional placements and security purchase plans
  • Horizon Oil – SGX listed convertible bond issue
  • Auswide Bank – underwritten dividend reinvestment plan
  • AACo – $220 million underwritten non-renounceable pro-rata entitlement offer and associated $80 million convertible note issue
  • Aurizon – $1 billion selective share buy-back to facilitate the post-IPO sell-down by the Queensland Government
  • Super Retail Group – $334 million accelerated renounceable (PAITREO) entitlement offer
  • Aurizon (previously QR National) – IPO and ASX listing to facilitate the privatisation by the Queensland Government
  • Dart Energy – $100 million underwritten accelerated non-renounceable (JUMBO) rights issue
  • Horizon Oil – underwritten accelerated pro-rata non-renounceable entitlement offer
  • Virgin Group – participation in Virgin Australia’s capital raising
  • Institutional placements and share purchase plans for AACo, Auswide Bank, Super Retail, Horizon Oil and MSF Sugar


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