MarkCrean

Partner

Sydney + 61.2.8272.0710

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Mark Crean, who leads the Firm's Australian M&A team, has more than 20 years of experience in M&A, restructurings, and private equity. He is highly accomplished at helping clients on complex transactions and finding solutions to difficult issues. He covers many industry sectors, particularly financial services and financial institutions, media, telecommunications, funds, and real estate.

Prior to joining Jones Day in 2015, Mark was deputy senior partner at a leading international law firm. Prior to that, he was chair of one of Australia's preeminent law firms and instrumental in negotiating their international merger. In 2006, he was seconded as group general counsel to ASX-listed, global real estate and development group Lend Lease Corporation at the request of its CEO. When Mark won the Lawyers Weekly "Dealmaker Award" at the 2013 Australian Law Awards, a client was quoted saying: "in the heat of battle, Mark's ability to distil and communicate the key points and create a consensus around the table exceeds any other lawyer I have worked with…"

Mark is a member of the Corporations Committee and the Foreign Investment Committee of the Law Council of Australia.

Experience

  • Riverside sells Energy Exemplar to Blackstone and Vista Equity PartnersJones Day advised investment funds affiliated with Riverside's Australia Fund in connection with the sale of its Energy Exemplar platform to a newly formed acquisition vehicle jointly controlled by investment funds affiliated with Blackstone and Vista Equity Partners.
  • SingTel sells Trustwave to The Chertoff GroupJones Day represented Singapore Telecommunications Limited, southeast Asia’s largest telecommunications company, in the sale of Trustwave, a cyber security and managed security services business, to funds affiliated with The Chertoff Group for $205 million. In connection with the sale of Trustwave, Jones Day represented SingTel, as lender, in connection with a unique $195 million senior secured term loan and $40 million unsecured multiple draw term loan facility provided to Trustwave.
  • Consilio acquires Lawyers on Demand and SYKEJones Day advised Consilio, Inc. in the acquisition of Lawyers On Demand (LOD), a provider of legal resourcing and SYKE, a legal technology consultancy from Bowmark Capital.
  • UPL sells stake in Advanta Enterprises to KKRJones Day advised UPL Limited in its $300 million sale of a 13.33% stake in its subsidiary, Advanta Enterprises Limited, to KKR.
  • Sedgwick acquires Direct Health Solutions in AustraliaJones Day advised Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, in its acquisition of Direct Health Solutions (DHS), a leading specialist provider of employer-based telehealth solutions in Australia, which helps companies manage employee leave and absence.
  • Qatalyst Partners acts as Afterpay's financial advisor in AU$39 billion acquisition by Square Inc.Jones Day advised Qatalyst Partners in the AU$39 billion acquisition of Afterpay by Square Inc.
  • Beforepay completes A$35 million IPO on ASXJones Day advised Beforepay Group Limited, a leading provider of Pay on Demand services in Australia, in connection with its A$35 million initial public offering on the ASX.
  • IBM acquires EnviziJones Day advised IBM in the acquisition of Envizi, a leading data and analytics software provider for environmental performance management.
  • IBM acquires SXiQJones Day advised IBM in the acquisition of SXiQ, an Australian digital transformation services company specializing in cloud applications, cloud platforms and cloud cybersecurity.
  • Cardinal Health sells its Cordis business to Hellman & Friedman for approximately $1 billionJones Day advised Cardinal Health in connection with the divestiture of its Cordis business to Hellman & Friedman for approximately $1 billion.
  • Centuria merges with Primewest combining two leading real estate platformsJones Day advised Centuria Capital Group (Centuria), a leading multi-sector real estate funds management business, on its merger-of-equals with the Primewest Group (Primewest), an ASX-listed real estate funds management businesses, with assets across a range of listed, unlisted, and private funds.
  • Koch Equity Development acquires Transaction Network ServicesJones Day advised Koch Equity Development LLC, the acquisition and investment subsidiary of Koch Industries, Inc., in the acquisition of Transaction Network Services, Inc. (TNS) from affiliates of Siris Capital Group, LLC and TNS' other minority equity holders.
  • Pepper Global completes IPO of subsidiary, Pepper Money on ASXJones Day advised Pepper Global on the demerger and initial public offering (IPO) of its subsidiary, Pepper Money Limited, on the ASX.
  • Pepper Global restructures corporate groupJones Day advised Pepper Global, a leading diversified global loan servicer and lender, on a major restructure of its corporate group.
  • Verizon Media forms partnership with BuzzFeed to acquire HuffPostJones Day advised Verizon Media in its sale of HuffPost to BuzzFeed.
  • GetSwift completes re-domicile to Canada's NEO ExchangeJones Day acted as Australian legal advisor to GetSwift Limited in its "top hat" scheme of arrangement to create a new Canadian holding company and re-domicile from Australia to Canada, resulting in its delisting from ASX and a new listing on the NEO Exchange in Toronto.
  • QIC invests A$200 million in restructuring of Virgin AustraliaJones Day advised the Queensland Investment Corporation (QIC) on its A$200 million combined debt and equity investment and participation in the A$3.5 billion recapitalization and acquisition out of administration of Australia's second largest airline, Virgin Australia, by Bain Capital.
  • QIC takes AUD$128.47 million cornerstone stake in AUD$1.286 billion IPO of Dalrymple Bay Coal TerminalJones Day advised QIC Ltd in connection with its cornerstone investment in the proposed AUD$1.286 billion initial public offering on the Australian Securities Exchange of Dalrymple Bay Infrastructure Limited (DBI), the owner of the Dalrymple Bay Coal Terminal (DBCT) in Queensland, Australia, which is the world’s largest metallurgical coal export terminal.
  • PRP Diagnostic Imaging and PRP Group Investments sold to Crescent Capital PartnersJones Day advised PRP Diagnostic Imaging (PRP) and PRP Group Investments (PRPG) on the sale of PRP to private equity fund Crescent Capital Partners (Crescent).
  • Pepper Group to sell Pepper European Servicing to Link Group for €165 millionJones Day is advising Pepper Group Limited, a leading diversified global consumer finance business, in connection with its sale of Pepper European Servicing (PES) to Link Group.

    • The following represents selected experience prior to joining Jones Day.

    Advised Telstra, the 50% partner in FoxTel, on FoxTel's acquisition of a strategic 14.9% shareholding in Network TEN, and associated commercial arrangements.

    Advised Macquarie Bank and Pepper Group on their bid for GE's Australian consumer finance business.

    Advised Pepper Group on: its listing on the Australian Stock Exchange; the $5 billion acquisition of GE's mortgage business in Australia and New Zealand; the acquisition with Goldman Sachs of GE Money in Ireland; and the acquisition of Citigroup's commercial loan portfolio.

    Advised Resimac on the successful contested takeover of RHG Mortgage Corporation by scheme of arrangement.

    Advised CHAMP and oOh!media Limited (Australia's only national provider of airport advertising) on the dual track process leading to the ASX listing of oOh!media.

    Advised Austar on its $1.9 billion merger with FoxTel by scheme of arrangement (Finance Asia's M&A Deal of the Year for 2012/Australian Legal Business M&A Deal of the Year for 2013).

    Advised Therese Rein on the sale of Ingeus and the joint sale, with Deloitte, of Ingeus UK to Providence Services Corporation.

    Advised Varde Partners on the acquisition of Redcape by scheme of arrangement by Varde, Goldman Sachs, and York Capital.

    Advised the senior lenders and hedge funds on the recapitalization and acquisition of iMed Group.

    Advised Perpetual on its response to an unsolicited takeover approach by KKR.

    Advised Tinkler Sports Group on the acquisition by demutualization of the Newcastle Knights rugby league franchise.

    Advised Lend Lease on the exclusivity arrangements with Crown relating to a major hotel development at Barangaroo and on the acquisition of Valemus, including the Baulderstone and Abigroup construction businesses.

    Advised Lend Lease on its $1 billion acquisition of major construction groups Abigroup and Baulderstone.

    Advised the Australian Federal Government on T3, the $15.5 billion public offering of its 51.8% stake in Telstra.

    Advised National Australian Bank on its $800 million acquisition of Aviva Australia.

    Advised nabInvest on its acquisition of a strategic stake in funds manager Pengana Holdings.

    Advised Pepper Group on its $5 billion acquisition of GE’s residential mortgage businesses in Australia and New Zealand.

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    The Regulation of Foreign Direct Investment in Australia: Australian Treasury's Recent Facts and Figures

    May 2024 Commentary

    Australian Government Announces Procedural Reforms to Strengthen and Streamline Australia's Foreign Investment Policy

    May 2024 Commentary

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    June 2023 Commentary

    Australia's New Register of Foreign Ownership of Australian Assets Commences on July 1, 2023

    October 2022 Commentary

    M&A Highlights From ASIC's Latest Corporate Finance Update

    July 2022 Commentary

    Australia Foreign Investment Fees Set to Double

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    ASIC's Latest Corporate Finance Update: Practice Points for Schemes of Arrangement

    March 2022 Commentary

    Australian Takeovers Panel Reaffirms Exclusivity Rules in Hot M&A Market

    January 2022 White Paper

    FDI Regimes Continue to Expand and Increase Scrutiny of Transactions Worldwide
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