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Penfold Motor Group acquired by ASX-listed company
Penfold Motor Group has been acquired by ASX-listed Peter Warren Automotive for $104 million with assistance from BigLaw firm Allens.
Naomi Neilson
Firm: Allens (Penfold Motor Group)
Value: $104 million.
Area: M&A.
Key players: The team was led by partner Tom Story with assistance from senior associate James Nguyen and associate Charlie George. Also supporting the team was partners Annabelle Aland and Sikeli Ratu.
Deal significance: The $104 million deal is expected to be completed in early December, marking Peter Warren’s entry into the Victorian market and increasing its number of locations to 82.
Mr Story commented: “We congratulate Penfold Motor Group on this transaction, which is a testament to the strength and rich history of the Penfold business.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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