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Multibillion-dollar Afterpay acquisition one step closer
Gilbert + Tobin is advising Afterpay Limited on its impending acquisition by Square, Inc.
Emma Musgrave
Firms: Gilbert + Tobin (Afterpay Limited); undisclosed (Square, Inc).
Value: $39 billion.
Area: M&A.
Key players: The Gilbert + Tobin team was led by partners Peter Cook and Rachael Bassil, with assistance from lawyers Olivia Blakiston, Elizabeth Cameron and Clancy Bradshaw.
Competition and regulatory partner Charles Coorey, consultant Zoe Hodgins and lawyer Robert Albertson Kill advised on competition and regulatory aspects of the transaction.
Deal significance: Square, Inc is a NYSE-listed company that operates in the payments space, while Afterpay is a well-known “buy now, pay later” platform.
As per a statement from Gilbert + Tobin, Square, Inc’s acquisition of Afterpay will accelerate its strategic priorities for its Seller and Cash App ecosystems.
“We are so appreciative to have played a role in bringing together two dynamic, innovative, founder-led companies,” co-lead partner Mr Cook said.
“Afterpay’s story is an incredible one, and this transaction represents important global recognition for the Australian technology sector. It is an endorsement of Ant and Nick’s vision that has reshaped the consumer finance sector.”
Co-lead partner Ms Bassil added: “It was a pleasure to have advised Afterpay on this transformational transaction, representing the largest public M&A transaction in the Australian market. It’s been a privilege to work with the world class management team at Afterpay.”
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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