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Australian-owned global fund manager Salter Brothers has been advised on its acquisition of the Spicers Retreats business.
Firm: MinterEllison (Salter Brothers)
The acquisition is likely to be completed in the first quarter of 2023, MinterEllison said in a statement.
Area: Merger and acquisition
Value: Undisclosed
Key players: The MinterEllison team was led by partners Joseph Pace and Alice Langham and included practitioners from the following teams within the firm: transactions, real estate, tax, funds, financing, IP and IT, privacy, litigation, workplace law, migration and insurance.
Deal significance: Speaking about the transaction, Mr Pace said: “We’re delighted to be considered a trusted advisor to our loyal and longstanding client, Salter Brothers, as they continue to support and invest in Australia’s hospitality industry through the expansion of their existing portfolio of hotels.”
Ms Langham added: “Salter Brothers is currently the most active player in the Australian hotel market. With a focus on creating unique experiences for Australians, while prioritising sustainability and the environment, we’re pleased to see it go from strength to strength following a challenging few years for the sector.”
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
You can email Jerome at:
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