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Clarus Corporation to acquire Rhino-Rack
NASDAQ-listed developer Clarus Corporation has been advised on its acquisition of Australian aftermarket automotive roof rack and accessories brand Rhino-Rack.
Jerome Doraisamy
Firm: Baker McKenzie (Clarus Corporation).
“Following the transaction’s closing, the Rhino-Rack management team will continue to run the business from Rhino-Rack’s headquarters in Australia”, it added.
Value: $255 million.
Area: M&A.
Key players: The Bakers team was led by partner Richard Lustig, who was supported by Caroline Tait, Kurt Fisher and Greg Smith, as well as lawyers from Bakers’ Australian and international offices.
Deal significance: Speaking about the transaction, Mr Lustig said: “This is a transformative, cross-border acquisition for our client, Clarus, which will add significant scale and global growth opportunities.
“The Rhino-Rack business will continue to operate independently as a wholly-owned indirect subsidiary of Clarus.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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