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Equity-One sells to Westlawn Finance
Equity-One Mortgage Fund Limited has secured its sale to Westlawn Finance Limited with assistance from Mills Oakley.
Naomi Neilson
Firm: Mills Oakley (Equity-One Mortgage Fund Limited)
Value: N/A
Area: M&A
Key players: The team was led by partner Daniel Livingston, who was assisted by associate Billy Riddle and lawyer Prue Tyson.
Deal significance: The transaction was structured in four tranches. The first tranche saw 70 per cent of the issued capital acquired on 1 March 2022 for a cash consideration of $24 million, and the remaining 30 per cent will be progressively subject to options exercisable over three tranches between 2024 and 2027.
Commenting on the transaction, Mr Livingston said: “Mills Oakley has enjoyed a long relationship with the founder and owner of Equity-One and it was a pleasure to achieve a fantastic exit.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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