Herbert Smith Freehills has advised Xtralis Group Holdings Ltd (XGHL), which is majority owned by funds advised by Pacific Equity Partners and Blum Capital Partners, on their A$683 million (US$480 million) sale to Honeywell International Inc.

Leading corporate and finance lawyers from the firm’s Sydney, London and Hong Kong offices were involved in the complex cross-border transaction which saw US-based Honeywell International Inc purchase Dublin-based Xtralis from PEP and Blum Capital. Xtralis is a leader in early warning smoke detection and alarm systems which protect business critical assets across the world and has been owned by XGHL for 10 years. PEP is the largest private equity fund in Australia and New Zealand, managing more than A$6 billion in equity funds. Herbert Smith Freehills has advised PEP and XGHL throughout their ownership of Xtralis, with the relationship beginning with Xtralis’ acquisition in early 2006. Herbert Smith Freehills’ cross-office corporate team was led by partners Damien Hazard (Sydney), Nicholas Moore and Tomasz Wozniak (London), supported by Chris Gill, Tom Hoare, Kimberley Wong, Laura Stuckey and James Frecknall. The Finance team was led by Sydney partner Hayley Neilson, supported by Kelvin Choy and Truman Biro. Involved fees earner: Damien Hazard - Herbert Smith Freehills; Nicholas Moore - Herbert Smith Freehills; Tomasz Wozniak - Herbert Smith Freehills; Christopher Gill - Herbert Smith Freehills; Tom Hoare - Herbert Smith Freehills; Kimberley Wong - Herbert Smith Freehills; Laura Stuckey - Herbert Smith Freehills; James Frecknall - Herbert Smith Freehills; Hayley Neilson - Herbert Smith Freehills; Kelvin Choy - Herbert Smith Freehills; Truman Biro - Herbert Smith Freehills;