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Everyday Independence shareholders advised on sale to listed company
BigLaw firm Lander & Rogers has advised the shareholders of NDIS-registered provider of allied health services, Everyday Independence, on its sale to ASX-listed APM Human Services International.
Jerome Doraisamy
Firm: Lander & Rogers (shareholders of Everyday Independence)
Area: Corporate
Value: Up to $150 million
Key players: The Landers team was led by special counsel Paul Mayson, who was supported by partner David Morris, senior associate Breanna Taylor, and lawyers Annabelle Gray and Jack Boydell.
Also advising on the deal was KPMG’s mergers and acquisitions team, including partner and head of KPMG M&A Peter Turner, partner Helen Sutherland, associate director Lauren Morcom and manager Oliver Ellison.
Deal significance: Speaking about the matter, Mr Mayson said: “The deal structure was complex, including an upfront cash payment of $35 million on completion, a $17.5 million deferred payment, and an EBITDA-based earn-out, which could bring the total consideration up to $150 million.”
“[It] deal also featured warranty and indemnity insurance, providing limited recourse to the selling shareholders for any post-completion warranty issues.”
The firm, Mr Mayson went on, was “thrilled to act for the shareholders of Everyday Independence on such a significant transaction”.
“Everyday Independence is among the largest and most respected NDIS-registered providers in the country and, under the umbrella of APM, it will have an even greater impact on the lives of individuals, families and communities,” he said.
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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