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Link Administration Holdings Limited (Link Group) has been advised on the divestment of its 42.8 per cent stake in PEXA Group Limited (PEXA).
Firm: Herbert Smith Freehills (Link Group)
Area: Corporate; merger and acquisition
Value: $860 million
Key players: The HSF team was led by partners Tony Damian and Nicole Pedler, who were supported by senior associate Jennifer Xue, and solicitors Jacob Lancaster and Nick Venn.
Deal significance: Mr Damian said: “We are proud to be advising Link Group on this transaction, which will provide Link Group shareholders with direct exposure to PEXA and its potential future growth.”
Ms Pedler added: “The distribution is an important milestone that unlocks flexibility for Link Group shareholders, and we are glad to have been able to support the Link Group team throughout the transaction.”
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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
