King & Wood Mallesons advised ASG Group Limited on its $340 million acquisition by Japanese buyer Nomura Research Institute Ltd.
KWM’s M&A and Dispute Resolution practice groups worked alongside Citi, PwC, Euroz and Nomura on the acquisition, which received overwhelming shareholder support.
The KWM M&A team was led by Partner Shaun McRobert, supported by Senior Associate David Jewkes and Solicitors Brenda Valdez and Renée Sequeira.
KWM Partner Michael Lundberg and Solicitor Alex Gorovtsov of the Dispute Resolution team also provided excellent carriage of the Scheme through the Federal Court.
“We have been working with ASG for over a decade and we’re delighted to provide support in relation to this significant deal which will allow ASG to grow further with the strong backing of NRI,” McRobert said.
The ASX-listed IT managed service provider was acquired by way of a scheme of arrangement. Nomura paid a 20% premium on ASG’s closing on 29 September, and 27% over its 10-day volume weighted average price.
The deal which was a year in the making received regulatory approval from the Foreign Investment Review Board and the
Federal Court of Australia earlier this month.
Related stories:
KWM advises on Westconnex Stage 1
King & Wood Mallesons acts on financing of new wind farm in NSW
