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Bakers gets Bang for the buck
Australian firm Baker & McKenzie has advised luxury electronics brand Bang & Olufsen on the sale of its trans-Tasman operations.
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Firms: Baker & McKenzie (Bang & Olufsen), Brett Oaten & Co (Emerald Group)
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Deal: Bang & Olufsen sold its premises across Australia and New Zealand to Emerald Group Investments.
Value: Not disclosed
Area: M&A
Key players: The Baker & McKenzie team was led by Sydney partner Ben McLaughlin (pictured) and senior associate Candice Heggelund with strong support from Josephine Hopkins, Aimee Yi and Harry Marples.
Deal significance:
Bang & Olufsen is a Danish electronics company specialising in the design and manufacture of luxury audio products, television sets and telephones. Emerald Group is a luxury goods retailer and distributor in Australia and New Zealand.
The deal will see Emerald take over B&O’s operations in the region, as well as acting as B&O’s long-term master distributor.
Bakers partner Mr McLaughlin welcomed the deal as a “good outcome” for his client.
