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Aus sporting business acquired
Two firms have advised on the acquisition of a sporting business by BLK International Pty Ltd.
Emma Musgrave
Firms: DLA Piper (BLK International Pty Ltd); Gadens Brisbane (World Rugby Specialists Pty Ltd)
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Deal: BLK International Pty Ltd has acquired the BLK Sport business, brand and associated sub-brands from World Rugby Specialists Pty Ltd.
Value: Undisclosed
Area: M&A
Key players: The legal team advising BLK International Pty Ltd was led by DLA Piper Brisbane corporate partner Lyndon Masters (pictured), with assistance from senior associate Alexander Samson.
Deal significance: This transaction will see BLK International Pty Ltd operate BLK Sport, retaining the existing BLK Sport business executive team and senior management.
The business, who until 2011 traded as KooGa, is one of Australia's leading apparel suppliers to grassroots and professional sporting teams.
The acquisition will see the business continue to manufacture and supply sports apparel for sporting clubs and fans worldwide.
"We are delighted to act for BLK International Pty Ltd on this strategic transaction," DLA Piper Brisbane corporate partner Lyndon Masters said.
"The acquisition allows the BLK business to maintain their high level of customer service and innovation while having the opportunity to better deliver products and experience to loyal BLK customers."
