Macmahon Holdings

A$70m Sale of the Allplant Hire Division to Coates Hire

November 2006

Azure Capital has a long standing relationship with Macmahon and had been advising Macmahon for some time on optimising their capital structure and balance sheet and advising on acquisitions. Following an approach from Coates to purchase Macmahon’s plant hire division, Azure Capital was engaged to manage all aspects of the sale process, which included valuation, consideration of alternative bidders, transaction structuring, negotiation, and coordination of due diligence, legal, accounting and tax advisors, resulting in a successful sale in November 2006.