Will Heath

Will Heath

Will Heath is a partner in our Melbourne Mergers & Acquisitions team.  He focuses on public and private M&A, joint ventures, capital raisings and corporate advisory work. 

Will regularly advises leading ASX-listed clients in a wide range of sectors on major transactions and capital raisings.  He also works closely with clients on corporate governance matters, including shareholder activism and directors’ duties. 

Additionally, Will has substantial experience on complex cross-border M&A. He was based in Tokyo from 2010 to 2013, and since that time he has worked with Japanese, Chinese and multinational companies on their investments in the Asian region and beyond.    

Will is extremely commercially minded… he understands what the drivers for us are and that’s based on experience.”
(Fortune 500 company)

Will was very proactive in raising ideas that had worked before and bringing any confusion out at the outset so it could be dealt with.
(ASX20 company)

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Recent Matters

  • APA: on its response to the CKI consortium’s $13 billion takeover proposal and its $500 million entitlement offer
  • Accenture and Avanade: advising on various Australian M&A mandates including Accenture’s acquisition of Reactive Media (2015), Second Road (2016) and The Monkeys (2017), and Avanade’s acquisition of Loud & Clear (2018)
  • By-Health: advising Shenzhen-listed By-Health Co., Ltd. on its acquisition of Life-Space Group, for $690 million
  • Transurban: raising approximately $6 billion in equity capital via entitlement offers and placements to fund the acquisitions of Queensland Motorways, AirportlinkM7 and the West Gate Tunnel Project
  • ENGIE and Mitsui: on the sale of Loy Yang B for $1.1 billion
  • NAB: on its demerger of CYBG Plc and concurrent listings on LSE and ASX and its $5.5 billion entitlement offer, the largest secondary capital raising in Australia
  • AusNet Services: on its delisting from SGX-ST and its $5 billion corporate restructure by way of schemes of arrangement 
  • Incitec Pivot Limited: on various matters including its $3.3 billion acquisition of Dyno Nobel Limited by way of schemes of arrangement and its $1.1 billion capital raising
  • Various Fortune 500 companies on Australian strategic investments including Caterpillar on its investment in Fastbrick, Mead Johnson on its acquisition of Bega’s infant formula assets and Celgene Corporation on its investment in Mesoblast

Professional Memberships

  • University of Melbourne: Senior Fellow, Melbourne Law School, teaching corporate law
  • Monash University: external lecturer in undergraduate corporate governance course 
  • Japan Australia Business Co-Operation Committee
  • Australia China Business Council

Will has authored a number of articles on corporate law and directors’ duties.  He is a graduate of the University of Oxford, where he completed two masters’ degrees in law, as a Menzies Memorial Scholar.


Legal insights

One of this year’s prominent corporate governance developments was the Federal Government’s proposed regulatory "crackdown" on proxy advisers.

16 December 2021

The Exposure Draft Legislation for the Treasury Laws Amendment (Measures for a Later Sitting) Bill 2021 (UCT Exposure Draft Legislation) has been released, proposing significant pecuniary penalties...

27 August 2021

On 25 June 2021 the Federal Government released exposure draft legislation designed to support companies and their officers using technology to satisfy certain Corporations Act 2001 requirements.

06 July 2021

It has been a big week for the fossil fuel sector and a big week for climate activists, with three significant judgments being handed down.

01 June 2021

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