news

Ashurst has advised Hong Kong private equity firm PAG Asia Capital on its A$1.4 billion ($898 million) acquisition of F&B company Australian Venue Co. Holdings (AVC) from KKR, which was represented by Allens.

The decision by PAG to buy AVC, the operator of 210 hotels and restaurants in Australia and New Zealand, comes even though consumer sentiment in Australia is weakening as retail spending and confidence, Reuters reported. The transaction is expected to close in late 2023.

The Ashurst team was led by partner Anton Harris with assistance from partners Phil Breden, Jo En Low, Rehana Box, John Stawyskyj, Kitty Vo, Hong-Viet Nguyen, Rebecca Cope, Emma de Carle, Jennie Mansfield, Anita Cade, Rebecca Dixon, and Alyssa Phillips.

The Allens team was headed by partners Emin Altiparmak, Rob Pick, David Couper, Annabelle Aland, Simon Dewberry, and Tim Golder.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

CAM, Bakers, A&O, AZB advise on $1 bln sale of Aster’s Gulf business

by Nimitt Dixit |

Indian law firm Cyril Amarchand Mangaldas has advised India’s Aster DM Healthcare on the sale of its Gulf Cooperation Council (GCC) business for $1 billion to a consortium led by UAE sovereign-owned private capital firm Fajr Capital and Affinity Holdings, a company held by Aster’s promoters.

India: AZB, Anagram advise on $530 mln microfinance merger

Mumbai-headquartered law firm AZB & Partners has advised India's AU Small Finance Bank on its 44.11-billion-rupee ($529.8 million) acquisition of peer Fincare Small Finance Bank, which was represented by Anagram Partners.

Shearman, AMT, White & Case, MHM act as Japan’s Benesse goes private for $1.78 bln

by Mari Iwata |

Shearman & Sterling and Anderson Mori & Tomotsune are advising Japanese educational services provider Benesse Holdings on a 270-billion-yen ($1.78 billion) management buyout (MBO) plan proposed by Swedish investment house EQT AB Group, represented by White & Case. Mori Hamada & Matsumoto act for the all stakeholders on this MBO scheme.