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Symple sold for $200m
Corrs Chambers Westgarth has advised on a $200 million transaction that sees the sale of Symple Financial Group Pty Limited to Latitude Group Holdings Ltd.
Emma Musgrave
Firm: Corrs Chambers Westgarth (Symple Financial Group Pty Ltd); undisclosed (Latitude Group Holdings Ltd).
Value: $200 million.
Area: M&A.
Key players: The Corrs Chambers Westgarth team advising Symple was led by partner Jonathan Farrer and included lawyers across the firm’s corporate, tax and regulatory teams.
Deal significance: Symple is a Melbourne-based consumer lending fintech founded in February 2018.
The company was launched to offer a better, faster, easier and lower cost personal loan alternative for Australian customers.
According to a statement provided by Corrs Chambers Westgarth, the transaction consideration includes a combination of cash and shares in Latitude.
“This transaction enhances Corrs’ reputation as a leading legal adviser for start-ups,” said lead partner Mr Farrer.
“We have been involved in all aspects of Symple’s journey, from incorporation of the company in 2018 to its sale for $200 million which was announced to the market on 9 August 2021.”
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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