find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Moelis buys into Aus hotel group

Moelis buys into Aus hotel group

Deal, acquire, buy

Investment company Moelis Australia has been advised on an agreement to acquire an Australian hotel group.

Firms: K&L Gates (Moelis Australia); Arnold Bloch Leibler (Redcape Hotel Group)

Deal: Moelis Australia reached an agreement to acquire Redcape Hotel Group.

Value: $677 million

Area: M&A

Key players: The K&L Gates team advising Moelis was led by partner Hal Lloyd (pictured), and included partners Matthew Watts, Diane Skapinker and Matthew Cridland; special counsel Brent Delaney, Vicki Aron, Zina Edwards and Ben Benson; and lawyers Jessica Tang, Mairead Murphy, Robyn Dimis and Edward Ryman.

Deal significance: Investment company Moelis Australia, a division of US-based Moelis & Company, has reached an agreement to acquire Redcape Hotel Group.

The acquisition is worth $677 million and is expected to increase Moelis Australia’s assets under management to $2.5 billion by the end of the year, according to a statement from K&L Gates.

The firm advised Moelis on all aspects of the acquisition and the establishment of the Moelis Australia Redcape Hotel Group.

“This is a highly strategic acquisition of one of Australia’s largest hotel groups by Moelis Australia, following its recent IPO,” said lead partner Hal Lloyd.

“K&L Gates has welcomed the opportunity to work again with Moelis Australia and congratulates Moelis on the transaction.”

The acquisition is expected to be completed this month.


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Moelis buys into Aus hotel group
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
Queensland University of Technology, ruby milestone
Queensland law school reaches ruby milestone
Celebrating 40 years since establishing a law course in 1977, the Queensland University of Technolog...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...