G+T confirms its role in KKR’s A$3.2B acquisition of Arnott

Gilbert + Tobin (G+T) advised KKR on its acquisition of Arnott, Australia’s largest biscuit maker.

The deal, announced in mid-2019, was assisted by G+T in the $1.04 billion and $400 million first-lien and second-lien term loan B financing. It is KKR’s largest buyout in Australia ever.

The G+T banking team was led by banking partner John Schembri, with support from lawyers Erin Cartledge, Kerry-Lee Carew and Charley Xu.

On the corporate aspects of the transaction, G+T corporate advisory partner Alex Kauye advised KKR. He was assisted by special counsel Ebony Keenan-Dunn and lawyers Travis Cordingley, Ciara Coleman, and Joshua Fisher.

Allens was the lead legal adviser to KKR, working alongside US legal adviser Simpson Thacher & Bartlett. King & Wood Mallesons advised Campbell Soup, the owner of Arnott.