Squire Patton Boggs acted as Australian finance and corporate counsel, advising a Boston-based SEC registered investment firm and secured lender of Jervois Global Limited, in the global cross-border take-private of the Jervois Group pursuant to voluntary cases commenced by Jervois under Chapter 11 in the United States and concurrent voluntary administrations and Deed of Company Arrangement in Australia.
This transaction has won the “Restructuring Deal of the Year” at the Turnaround Management Association Australia Awards 2025, which recognises its innovative and complex structure, combining a US Chapter 11 process with Australian voluntary administrations and a Deed of Company Arrangement. The deal delivered a significant financial turnaround, including an equity infusion and substantial debt reduction, while preserving Jervois’ global operations and critical assets. Its successful execution reflects exceptional cross-border coordination and collaboration between advisers and sets a new benchmark for restructuring in Australia.
The Sydney-based team advised on the Australian corporate, finance, employment and tax aspects of the transaction and was led by Financial Services partner Rachel Jones and Labour and Employment partner Nicola Martin, supported by Corporate partner Tony Chong.
Ms. Jones said: “We are proud to have played a key role in this award-winning transaction. The ‘Restructuring Deal of the Year’ accolade underscores the complexity of the transaction and is a testament to the dedication and expertise of the team at Squire Patton Boggs in delivering innovative solutions for our client. We look forward to the future success of the reorganised Jervois Group.”