Login
Shaw and Partners offloads shares majority
Gilbert + Tobin has advised Australian investment and wealth management firm, Shaw and Partners Limited, on the majority (51 per cent) sale of its shares.
Grace Ormsby
Firm: Gilbert + Tobin (Shaw and Partners); Luminis (financial adviser to Shaw and Partners)
Value: Undisclosed
Area: Corporate
Key players: Gilbert + Tobin’s team was led by corporate and M&A co-head Costas Condoleon and corporate senior lawyer Kevin Ko.
Corporate consultant Hemita Sumanasuriya, tax partner Muhunthan Kanagaratnam, Julian Lian and Matthew Charman all provided support.
Deal significance: The sale of 51 per cent of shares by Shaw and Partners Limited to Swiss Exchange listed EFG International and associated shareholder arrangements “represents a significant milestone for Shaw and Partners”, a statement from Gilbert + Tobin said.
It adds broad international reach to the investment and wealth management firm, which currently has around $16 billion of funds under advice, the statement continued.
Gilbert + Tobin noted that it worked with Shaw and Partners on all aspects of the transaction, which was “highly complex” and involved a large number of seller shareholders receiving cash and scrip consideration.
Commenting on the deal, Costas Condoleon and Kevin Ko called it “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,” they continued.
The transaction is expected to reach completion by June 2019.
