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Three firms have advised on a large private equity transaction involving global alternative investment company Värde Partners.
Firms: Arnold Bloch Leibler (Värde Partners); DLA Piper (KKR); King & Wood Mallesons (Deutsche Bank); Ashurst (consortium vehicle)
Deal significance: This was one of the “largest-ever private equity transactions in the region”, according to a release by Arnold Bloch Leibler.
The GE business, now renamed Latitude Financial Services, provides consumer credit to more than 2.5 million customers through Australian retailers, including Harvey Norman and Coles.
Arnold Bloch Leibler represented Värde in relation to the A$8.3 billion consortium agreement between the three members, as well as financing aspects of the investment.
“We were honoured to be involved in what is a transformative transaction for our client,” said Mr Mahoney.
“We congratulate our client on this milestone achievement, which will allow them to establish a dedicated Australian office.”
Mr Mote said: “This was a complicated deal involving a challenging structure and a number of parties."
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Felicity Nelson
