Login
LGT Group acquires Crestone Wealth Management
BigLaw firm Corrs Chambers Westgarth has advised LGT Group on its acquisition of Crestone Wealth Management for $475 million.
Jerome Doraisamy
Firm: Corrs Chambers Westgarth (LGT Group).
Value: $475 million.
Area: M&A.
Key players: The matter was led by partner Felicity Saxon, who was supported by Justin Fox, Russell Philip, Katrina Sleiman, Fadi Khoury, Jack de Flamingh, Andrew Leadston, Mark McCowan, Cameron Rider, Simon Mifsud, James Morley, James North, Patrick O’Grady, and Steven Rice.
Deal significance: Speaking about the acquisition, Ms Saxon said: “This is a significant deal which gives LGT Group an important foothold in the attractive Australian wealth management market.
“As a complex cross-border transaction, tapping into the expertise from across Corrs has been crucial.”
LGT Private Banking chief executive Olivier de Perregaux said: “Crestone has a successful entrepreneurial team, an attractive client franchise and very promising further growth prospects.
“This makes it an excellent strategic and cultural fit for LGT, and the intended transaction allows us to extend our already strong position in the Asia Pacific region. We very much look forward to welcoming Crestone, its employees and its clients to the LGT family.”
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.
You can email Jerome at:
