Thomson Geer has acted for ASX-listed Recycling and circular economy company, Close the Loop, in: acquiring two US-based electronics refurbishing and trading companies for US$66 million (A$100 million); successfully raising A$45 million from institutional investors; and obtaining substantial debt funding to fund the balance of the cash component of the acquisition.
The acquisition will provide Close the Loop with significant consumer and commercial electronics remanufacturing and technological capabilities, a considerable US market sales and trading presence, and extensive distribution networks.
Thomson Geer advised Close the Loop on all Australian legal aspects of the acquisitions, equity capital raising and debt financing. In doing so, Thomson Geer have worked in tandem with Sidley Austin, Close the Loop's US lawyers on the transaction.
The Thomson Geer team was led by Partner, David Schiavello and supported by Special Counsel Lisa Marcus and Lawyer Elizabeth Hanrahan. Finance Partner Andrea Wookey and Associate Kelly Murray worked on the debt financing aspects of the transaction.