Corrs advises on $98 million acquisition of Scentia

Corrs Chambers Westgarth (Corrs) has confirmed its role in Next Capital’s acquisition of Australian education and training provider Scentia.

In an emailed statement, the independent law firm said it advised Next Capital on the $98 million transaction through a team led by partner Glen Sauer.

The team from Corrs also included partners John Mosley, James North, and Stephen Price, with additional support from firm’s banking and finance, technology, media and telecommunications, and employment practices.

“We are delighted to support Next Capital on its acquisition of Scentia,” said Sauer. “Next Capital’s investment will assist Scentia to capitalise on growth in the education sector and we look forward to working with Next Capital and Scentia as the business continues to grow.”

Scentia operates through its subsidiaries, the Australian Institute of Management (AIM) and the Australasian College of Health and Wellness (ACHW). It offers leadership and management training, vocational training in project management and human resources, post-graduate business administration education, and undergraduate courses in dermal aesthetics.

Other updates from Corrs

Prior to the Next Capital acquisition, Corrs had assisted Compagnie de Saint-Gobain with its acquisition of CSR Limited by way of an Australian scheme of arrangement.

Corrs lead partner Sandy Mak commented on the transaction back in February and said it will help facilitate Saint-Gobain’s entry into Australia’s construction market.

Herbert Smith Freehills (HSF) also played a role in the deal, acting as adviser to CSR Limited.