Steinepreis Paganin has acted for Decmil in its acquisition by Macmahon Holdings Limited via multiple schemes of arrangement.

 Structured as mutual schemes of arrangement between the holders of ordinary shares in Decmil and a corresponding scheme of arrangement between the holders of preference shares in Decmil, together with the restructuring of debt arrangements, Steinepreis Paganin has been involved in the structuring and implementation of the transaction.

 Steinepreis Paganin acted for Decmil in its 2005 initial public offering and successful ASX listing.  It is pleased to have been able to assist its long-time client to achieve its desired outcome of a successful sale to Macmahon.

 Decmil will continue to operate its existing business as a wholly owned subsidiary of Macmahon.