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Mercy Super merges with HESTA
Global law firm Ashurst has advised Mercy Super on its merger with HESTA.
Emma Musgrave
Firms: Ashurst (Mercy Super); Undisclosed (HESTA)
Value: Undisclosed
Area: Merger and acquisition
Key players: The Ashurst team in this matter was led by Scott Charaneka, who was assisted by partner Nicholas Mavrakis, counsel Edmond Park, and associates Olivia Duce and Ashley Zhang. Ashurst instructed Dominique Hogan-Doran SC and Trent Glover.
Deal significance: This deal saw Ashurst advise Mercy Super on the requisite regulatory requirements and assist with the review of data room materials, the formation of a project transition plan and the negotiation of material contracts, a statement from the firm said, noting that the litigation in this matter involved parallel applications by Mercy Super and HESTA, which joined the attorneys-general for Queensland and Victoria and APRA as an amicus curiae.
“As part of this transaction, declarations have successfully been sought from the Queensland Supreme Court,” an Ashurst statement said.
“The transaction also involved the establishment of a Brisbane office for HESTA.”
Commenting further, Ashurst lead partner Scott Charaneka said: “We are very pleased to have acted for Mercy Super in this important matter, which also assisted the superannuation industry in its understanding of whether state-based secret commission laws can apply to successor fund transfers.”
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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