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Hong Kong-listed group acquires Aus pharmaceutical company
Two firms have advised on the acquisition of an Australian pharmaceutical company by a large, dairy production company listed on the Hong Kong stock exchange.
Emma Musgrave
Firms: Ashurst (Ausnutria Dairy Corporation); Madgwicks Lawyers (Nutrition Care).
Value: Approximately $31.6 million
Area: M&A
Key players: The Ashurst team was led by corporate partner Kylie Lane, with assistance from corporate partner John Sartori, IP partner Kellech Smith, employment partner Jane Harvey, tax partners Ian Kellock and Geoff Mann, and competition partner Alice Muhlebach.
Deal significance: Ausnutria is a Hong King-listed dairy company that is involved in the production and distribution of dairy products.
This latest acquisition will see Ausnutria acquire the business and assets of Nutrition Care.
Nutrition Care was founded by nutrition specialist Ian Ernest Brighthope. It manufactures premium grade nutritional and herbal supplements in Australia.
Following the sale, Mr Brighthope will retain a 25 per cent interest in the new holding company of the business and will continue to provide consultancy services.
“We are delighted to have assisted Ausnutria on this important acquisition, its first in nutrition products in Australia,” Ashurst corporate partner Kylie Lane said.
“We look forward to working with Ausnutria to close the transaction and assist to grow the business.”
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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