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Clarus Corporation acquires MAXTRAX
NASDAQ-listed US developer of outdoor equipment and lifestyle products Clarus Corporation has been advised on its acquisition of vehicle recovery and extraction track business MAXTRAX.
Jerome Doraisamy
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Firm: Baker McKenzie (Clarus Corporation).
Deal: Clarus Corporation has acquired MAXTRAX, which will continue to operate independently as a wholly owned indirect subsidiary of Clarus.
Area: M&A.
Value: Undisclosed.
Key players: The Baker team was led by partner Richard Lustig, who was supported by Caroline Tait, Harrie Bantick and Alex Hewitt.
Deal significance: Mr Lustig said: “We were delighted to again act in Australia for our client, Clarus, on the acquisition of MAXTRAX, having previously acted on the acquisition of Rhino-Rack, an Australian aftermarket automotive roof rack and accessories brand.
“This purchase provides further opportunity to take new innovative products to market in both North America and around the world.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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