Pacific Equity Partners entered into an agreement to acquire 50% stake in LMS ENERGY Pty Ltd from Sims Limited for approximately AUD 270 million.

Pacific Equity Partners entered into an agreement to acquire 50% stake in LMS ENERGY Pty Ltd from Sims Limited (ASX:SGM) for approximately AUD 270 million on September 20, 2023. The completion of the sale is subject to customary closing conditions, including FIRB approval and is anticipated to occur during the second quarter of FY24. Rebecca Maslen-Stannage and Nick Gillies of Herbert Smith Freehills acted as legal advisor to Sims Limited (ASX:SGM).

Allens acted as legal advisor to Pacific Equity Partners.