Herbert Smith Freehills Kramer (HSF Kramer) along with King & Wood Mallesons (KWM) advised on proposed sale of MAAS Group’s construction materials business to Heidelberg Materials Australia for A$1.7 Bn.

Herbert Smith Freehills Kramer (HSF Kramer) is advising MAAS Group Holdings Limited (MAAS Group) on the proposed sale of its Construction Materials division to Heidelberg Materials Australia for cash consideration of up to A$1.703 billion, including A$120 million in contingent consideration linked to agreed post-completion milestones. As part of the transaction, certain freehold land will be retained by MAAS Group and leased to Heidelberg Materials Australia under long-term commercial lease arrangements.

The HSF Kramer Corporate team was led by Partner Nicole Pedler, with support from Senior Associate Marijana Banovac, and solicitors Arda Reznikas, Josephine Fenn, Benjamin Hansen and Ryan Chan. Partner Liza Carver led the competition aspects, with support from Senior Associate Elizabeth Hersey and Solicitor Joria Findanis. Partner Luke Simpson led the property aspects, with support from Senior Associates Michelle Gosling and Jess Burstow and Solicitor Irene Hartley. Partners Kwok Tang (TMT) and Michael Gonski, Nicholas Ogilvie and Senior Associate Alfie Bright (Employment) also assisted with the transaction.

King & Wood Mallesons is advising Heidelberg Materials Australia on the proposed acquisition of MAAS Group’s construction materials business for total cash consideration of approximately A$1.7 billion.

The KWM team was led by Partner Adrian Perkins, supported by a multidisciplinary team including Jovana Zelenbaba, Jack O’Brien, Naren Iyer, Jennifer Barron, Lisa Huett, Joe McQuillen, David Bell, Frankie Giorlando, Tracey Jordan, Brett Feltham, Judith Taylor and Jim Zovaro.