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NASDAQ-listed developer Clarus Corporation has been advised on its acquisition of Australian aftermarket automotive roof rack and accessories brand Rhino-Rack.
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 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.
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Jerome Doraisamy
