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Multibillion-dollar merger finalises
Two Australian companies have successfully completed a merger, representing upwards of $3 billion.
Emma Musgrave
Firms: DLA Piper (Pengana Holdings); Undisclosed (Hunter Hall International)
Value: $3.1 billion
Area: M&A
Key players: The DLA Piper team was led by corporate partner David Ryan (pictured), with head of corporate James Philips, senior associate Elliott Cheung and solicitor Rube Uthayakumar.
Deal significance: According to a statement from DLA Piper, Hunter Hall shareholders approved the merger on 1 June 2017, with more than 92 per cent of votes cast in favour.
The merger of the two companies creates a substantial funds management business, the firm said. It noted that the combined entity has been renamed Pengana Capital Group Limited, with combined funds under management of approximately $3.1 billion.
"We are delighted to have advised our client Pengana Holdings on this significant transaction,” Mr Ryan said.
“Pengana is on a strong growth trajectory, and this merger with Hunter Hall brings together two complementary, strategically aligned investment teams to create a listed funds management business with a solid growth platform, locally and globally.”
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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