MAJOR ACQUISITION ALL IN A WEEK'S WORK FOR LEADING LAWYERS

MAJOR ACQUISITION ALL IN A WEEK'S WORK FOR LEADING LAWYERS

After closing the $7 million sale of Select Asset Management and Select Investment Partners (SIPL) to OneVue Holdings Limited, the teams at Hall & Willcox and McCullough Robertson have risen as models of exceptional legal efficiency.

The significant transaction involved the work of more than thirty vendors, and was swiftly finalised in less than a week.

Leading the OneVue legal team was Hall & Wilcox Partner Adrian Verdnik.

Verdnik says it was the efforts of the OneVue staff, McCullough Robertson legal team and his own department which made for a quick and seamless deal.

“OneVue came to us with a very clear idea of what they wanted, but it still required a lot of goodwill and cooperation between the respective executive teams and their advisers to get the transaction completed within the timeframe,” says Verdnik.

“McCullough Robertson, which represented Select in the transaction, did a fantastic job of coordinating all the vendors, some of whom were based overseas, and having them execute all the documents required.”

Partner at McCullough Robertson Adrian Smith echoed these sentiments, crediting the team for organising a large amount of vendors in such a small interval.

“McCullough Robertson has been pleased to assist SIPL in its acquisition by OneVue, and the Hall & Wilcox team was a pleasure to work with,” says Smith.

“We are confident that this deal will enable OneVue to more effectively deliver a broader range of client solutions.”

OneVue’s Retail Funds Under Management and Administration will increase by $300 millon, and Total funds under Supervision from Responsible Entities and Trustee Services will increase by $900 million as a result of the SIPL acquisition.

Get our daily business news

Sign up to our free email news updates.

 
Unpacking equity: Finding your funding fit
Partner Content
Armed with a growing business and a great opportunity, a business owner’s next challe...
Australian Business Growth Fund
Advertisement

Related Stories

Meta slammed over "dereliction" of commitment to Australian news

Meta slammed over "dereliction" of commitment to Australian news

The decision by Meta (NASDAQ: META) to "deprecate" the Fa...

AF Legal acquires Armstrong Contested Wills & Estates in deal worth up to $3.75m

AF Legal acquires Armstrong Contested Wills & Estates in deal worth up to $3.75m

A year on from the failure of an $11 million merger with Go to Cour...

Going concerns notices raised for ASX cannabis players Cann Group and Althea

Going concerns notices raised for ASX cannabis players Cann Group and Althea

Material uncertainties have been raised about two of the largest&nb...

ASIC tips ‘ASX Wolf’ Tyson Scholz into bankruptcy over $500,000 in court costs

ASIC tips ‘ASX Wolf’ Tyson Scholz into bankruptcy over $500,000 in court costs

Social media ‘finfluencer’ Tyson Scholz, widely known a...