This is ScotPac's inaugural public ABS transaction
Gilbert + Tobin (G+T) has acted for Equity Trustees Limited in their capacity as trustee, security trustee, back-up servicer, and trust manager in a $304.5m public asset-backed securitisation.
The transaction, which was settled on 22 February, marks ScotPac's inaugural public ABS transaction.
It also represents the company’s first venture into the commercial auto and equipment loan ABS market. The collateral comprised auto and equipment loan receivables to major corporates and SMEs.
G+T special counsel Louise McCoach worked on the deal.
A G+T team also assisted New York-based PE firm American Industrial Partners (AIP) on a take-private acquisition of Boart Longyear via plan of arrangement.
Corporate advisory partner David Josselsohn took the lead on the transaction with support from lawyers Olivia Blakiston and Mariam Jaber. Corporate Also pitching in were corporate advisory partner Judy Hsu and lawyer Nina Mao; and banking and projects partner Robert Trowbridge, supported by lawyers Wenzo Mnguni and Natan Skinner.
G+T collaborated with AIP’s Canadian counsel Stikeman Elliott.
Boart Longyear was established in 1890 and provides drilling services, orebody-knowledge technology, and drilling equipment. The company concentrates mainly on mining and exploration, as well as commodities such as copper, zinc, gold, nickel and uranium.
