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1300Smiles sold to trans-Tasman dental operator
Thomson Geer has advised ASX-listed 1300Smiles on its sale to Abano Healthcare Group.
Emma Musgrave
Firm: Thomson Geer (1300Smiles).
Value: $165 million.
Area: M&A.
Key players: The Thomson Geer team was led by Brisbane partner Eugene Fung and included associate Thomas Gardner, special counsel Melanie Mitchell, consultant Tony Pane and lawyers Isabella Noon and Leane Zhang.
Deal significance: 1300Smiles is an ASX-listed Australian dental surgery chain that operates 33 dental practices and provides care to more than 180,000 patients a year.
Abano Healthcare Group is a trans-Tasman dental operator.
"The acquisition by a scheme of arrangement will see Abano Healthcare, which owns the Maven Dental chain in Australia and New Zealand's Lumino The Dentists network, acquire up to 84 per cent of 1300Smiles," a statement from Thomson Geer explained, noting that founder Dr Daryl Holmes OBE will retain the other 26 per cent.
Commenting further, lead partner Eugene Fung said: "We are pleased to have advised 1300Smiles on this transformational deal. It is the culmination of 30 years of work by founder Dr Daryl Holmes OBE and provides IPO shareholders who invested at $0.80 to realise their investment at $8.00".
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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