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ASX-listed distribution business in takeover talks
Herbert Smith Freehills has advised a Japanese-headquartered company on its proposed acquisition of ASX-listed Spicers Limited.
Emma Musgrave
Firms: Herbert Smith Freehills (Kokusai Pulp & Paper Co. Ltd); Undisclosed (Spicers Limited)
Value: $90 million
Area: M&A
Key players: The Herbert Smith Freehills team was led by Australia Japan Practice lead partner Ian Williams, with support from corporate partner Nick Baker and solicitors Joshua Santilli, Jenna Wong and Tatsuki Shiratsuchi.
Deal significance: KPP described as Japan’s second largest paper distribution company, while Spicers is a distribution business offering customers a full suite of products and services, incorporating commercial print, digital media, label and packaging, industrial packaging, sign and display consumables and hardware, and architectural offerings, according to a HSF statement.
“We are delighted to have assisted KPP on its first overseas acquisition, which is expected to make a significant contribution to its global expansion efforts and advance KPP’s standing in the Australian and New Zealand markets,” partner Ian Williams said.
The deal is expected to be implemented in July 2019.
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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