David Beckett Partner

Meet David

David is a banking and finance lawyer specialising in leveraged, acquisition and corporate finance.

He has significant experience advising on complex syndicated, club and bilateral financing arrangements including domestic and cross border leveraged and private equity transactions, acquisition finance, general corporate finance and debt restructurings. He also has experience in project financing.

David is recognised as one of Australia’s leading lawyers in the areas of Banking and Finance law and Structured Finance law by Chambers Asia Pacific and Best Lawyers Australia.

Experience

Leveraged Finance (Australia)

Senior Financiers and Mezzanine Lenders

Advising Senior Financiers (including Australia and New Zealand Banking Group Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd, CIMB Bank Berhad, DBS Bank Ltd, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank and Sumitomo Mitsubishi Banking Corporation) and Mezzanine Lenders (Meritz Korea) in relation to the acquisition by EMR Private Equity and Adaro Energy of the Kestrel coking coal mine from Rio Tinto. Transaction Value +US2.5Billion.

Battery Ventures

Advised in respect of its senior acquisition finance and revolving facilities in relation to its acquisition of PageUp People Limited. The facilities were provided by TPG Specialty Lending, Inc.

Panthera Finance

Advised in relation to all aspects of its 2017 senior and mezzanine financing requirements, comprising (a) senior syndicated facilities and (b) mezzanine facilities provided by CHAMP Private Equity (total facility value +$180m).

Archer Capital

Advising in relation to its acquisition and leveraged finance transactions. Recent indicative transactions include advising Archer in relation to the acquisition of the Autopact Group (previously the Crick Auto Group); the Dun and Bradstreet Group; the Aero-Care Group (from NEXT Capital); the LCR Group (from CHAMP); Lend Lease’s Prime Life Aged Care portfolio (and subsequent ECH bolt-on acquisition); and V8 Supercars. David also regularly acts for Archer Capital in relation to its confidential and public bids (for example its 2017 bid for the Stellar and Acquire offshore BPO businesses).

Bain Capital

Advised in relation to the acquisition of the Only About Children childcare group (EV +300m) as well as other confidential bids on Australian upper mid-market unlisted assets.

CHAMP Ventures

Advising on the senior leveraged debt facilities for its acquisition of the SeaSwift maritime business (including the acquisition of Toll Holdings’ northern Australia maritime transport business).

L'Catterton Asia (LVMH)

Regularly advises LVMH in relation to its acquisition and corporate finance matters (for example, in relation to the RM Williams business).

Leveraged Finance (European)

Goldman Sachs International and HSBC Bank

Advising lead arrangers Goldman Sachs International and HSBC Bank on Hellman and Friedman Capital Partners’ acquisition of the Gartmore Group (one of the United Kingdom’s leading funds management firms).

J.P. Morgan PLC and Mizuho Corporate Bank Ltd

Advising J.P. Morgan PLC and Mizuho Corporate Bank Ltd as lead arranger/mezzanine arrangers on Montague Private Equity’s acquisition of various European, North American and Pacific group entities of BSN Medical Management.

Kohlberg Kravis Roberts (KKR) and Permira

Advising Kohlberg Kravis Roberts (KKR) and Permira in relation to the senior and mezzanine financing of its acquisition of SBS Broadcasting, S.A.

Mizuho Corporate Bank Ltd

Advising Mizuho Corporate Bank Ltd as lead senior arranger and mezzanine arranger in respect of the acquisition by Hg Capital of European, Australia and US businesses of Schenck Group.

Corporate, Property & Project Finance

AP Eagers

Advising in relation to all aspects of its corporate finance club facilities and bailment facilities.

Senex Energy

Advising in relation to its multicurrency unsecured RBL corporate facilities and proposed project financing of the development of certain oil and gas tenements; and its Gas Sale Agreement with GLNG.

Watpac

Advising in relation to all aspects of its senior finance facilities.

Stanmore Coal

Advising on its acquisition and development financing in respect of the Isaac Plains Coal Mine and contiguous sites from Vale, Sumitomo and Peabody entities; and all financing aspects of its allocation of coal capacity (and investment) in Stage 2 of the Wiggins Island Coal Export Terminal.

Wesfarmers Curragh

Advising on its allocation of coal capacity (and investment) in the Wiggens Island Coal Export Terminal.

SilverNeedle Group

Advising on acquisition and redevelopment financing for the Chifley Hotel Brisbane.

Numerous Singaporean, Hong Kong and South Korean property investment vehicles

Advised numerous Singaporean, Hong Kong and South Korean property investment vehicles on acquisition financing of their large scale residential and resort property developments in Far North Queensland and on Queensland’s Gold Coast.

Recognition

Ranked as a leading Banking & Finance (Acquisition Finance) Lawyer.
Chambers Asia Pacific, 2019
Ranked as a leading Banking & Finance (Acquisition Finance) Lawyer
Chambers Asia Pacific, 2018
Recognised as a recommended lawyer in Banking & Finance
Asia Pacific Legal 500, 2018
Listed as a leading lawyer in Banking & Finance and Structured Finance Law
Best Lawyers Australia 2014 - 2020
Listed as a leading lawyer in Project Finance & Development Practice
Best Lawyers Australia 2018 - 2020

Career & qualifications

Qualifications

  • Bachelor of Laws (Honours), University of Wollongong
  • Bachelor of Commerce, University of Wollongong

Memberships

  • Supreme Court of NSW
  • Banking and Financial Services Law Association member
  • AVCAL member

International experience

  • Spent two years as a senior member of the London leveraged finance team of a magic circle firm.

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