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BOQ completes $20m acquisition
Bank of Queensland has been advised on its $20 million acquisition of Centrepoint Alliance Limited’s premium funding business.
Emma Musgrave
Firms: DLA Piper (Bank of Queensland); Logie-Smith Lanyon (Centrepoint Alliance Limited)
Value: $20 million
Area: M&A
Key players: The legal team advising BOQ was led by DLA Piper corporate partner Lyndon Masters (pictured), with assistance from corporate partners Samantha O’Brien and Bryan Pointon, and senior associate Kelly Morrison.
Deal significance: Centrepoint Alliance Limited is an Australian network of non-institutional advisers and brokers in financial services. Its premium funding division is a leader in business insurance premium funding, originating around 30,000 new loans a year.
This transaction saw BOQ acquire 100 per cent of the business, which will form a new division within BOQ Finance.
“We are delighted to act for BOQ on this transaction, which represents a strategic fit for the BOQ Finance business, as they continue to grow with specialist business segments,” said DLA Piper corporate partner Lyndon Masters.
“The acquisition will also complement their existing finance and banking product offering.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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