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Link divests PEXA stake
Link Administration Holdings Limited (Link Group) has been advised on the divestment of its 42.8 per cent stake in PEXA Group Limited (PEXA).
Jerome Doraisamy
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Firm: Herbert Smith Freehills (Link Group)
Deal: Link has divested its 42.8 per cent stake in PEXA Group Limited, including by selldown and in-specie distribution.
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.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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