Norton Rose Fulbright has advised NRMA on its acquisition of the Australian Tourist Park Management Group (ATPM), which, upon completion, will give NRMA one of Australia’s largest portfolios of parks under ownership and management. The price of the deal was not disclosed.
Norton Rose Fulbright advised on all legal aspects of the transaction, including its negotiation and the legal due diligence. Partner Ben Smits led the NRF team.
The ATPM parks join NRMA’s investment portfolio in Australian tourism and travel, which includes Travelodge Hotels and Thrifty Car Rental. ATPM has been in business for more than 20 years and is currently managing 34 local government and council caravan parks in Australia. It manages NRMA holiday parks in the Gold Coast, Darlington Beach, Merimbula, and Umina and NRMA franchise parks at Murramarang, Myall Shores, and Sydney Lakeside on the Northern Beaches.
Credit Suisse acted as corporate advisers.
Related stories:
Norton Rose Fulbright merger confirmed
NRF acts on $100m financing for commercial project in PNG
