Gilbert + Tobin has advised Shaw and Partners Limited (Shaw and Partners) on the sale of 51 per cent of its shares to SIX Swiss Exchange-listed EFG International and associated shareholder arrangements.
The transaction, announced today, represents a significant milestone for Shaw and Partners and adds broad international reach to the investment and wealth management firm which currently has c. $16 billion of funds under advice.
G+T worked with Shaw and Partners on all aspects of the transaction, which is highly complex and involves a large number of seller shareholders receiving cash and scrip consideration. The transaction is expected to complete in the first half of 2019.
The G+T team was led by Corporate/M&A Co-Head Costas Condoleon and Corporate Senior Lawyer Kevin Ko, with Corporate Consultant Hemita Sumanasuriya, Tax Partner Muhunthan Kanagaratnam, and his team, Julian Lian and Matthew Charman, providing support.
Costas Condoleon and Kevin Ko said, “This was an important transaction for Shaw and Partners, giving the firm access to international markets and increasing its scale and depth of offering. We are pleased that our deep expertise in complex mergers and acquisitions transactions has resulted in this successful outcome for our client.”
Luminis acted as financial adviser to Shaw and Partners.
Gilbert + Tobin has advised on many of Australia’s largest and most innovative transactions, including advising Harbour Energy on its $14.4 billion bid for Santos, Investa Property Group on the $3.4 billion contested acquisition (by trust scheme) of Investa Office Fund, Coca-Cola Amatil on the joint acquisition by Amatil and its major shareholder, US-based The Coca-Cola Company, of a 45% equity stake in Made Group and CHAMP Private Equity on the $1 billion sale of Accolade Wines.