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International majority stake sale completed
Two national firms advised on the majority stake sale of The Beddison Group to a Japanese listed company.
Lara Bullock
Firms: Arnold Bloch Leibler (The Beddison Group); Minter Ellison and Hibiya Nakata (Outsourcing Inc)
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Deal: The Beddison Group sold a majority stake to Japanese listed company Outsourcing Inc.
Value: Confidential
Area: M&A
Key players: Partner Ross Paterson (pictured) led the Arnold Bloch Leibler team, with support from senior associates Christine Fleer and Bridget Little, and lawyers Rebecca Zwier and Laura Cochrane.
The Minter Ellison team included Christopher Brown, Alessar Elsayed and Stephanie Dellosa.
Deal significance: The Beddison Group comprises a number of businesses, including the Clicks Group and Hoban Group, each providing a specialised workforce service to more than 1,200 corporate and government clients.
Tokyo-based Outsourcing Inc has a market capitalisation of AUD$1 billion, and more than 30,000 employees across its operations in Japan, Thailand, Indonesia, Vietnam, Cambodia, Singapore, Malaysia, India, England, Belgium, Chile and the US.
Beddison Group chairman Tony Beddison said the sale was "part of a very strategic move for the group long term" and that it would provide the group’s clients, employees and workforce with access to international opportunities.
Arnold Bloch Leibler lead partner Ross Paterson said: “This was a complex matter with many moving parts and the ABL team worked together efficiently, often within very tight time frames.”
