Firm: King & Wood Mallesons (Supercheap Auto); Undisclosed (Bosch)
Deal: Supercheap Auto is undertaking a joint venture with Bosch to establish independent, full-service auto workshops.
Key players: The legal team advising Supercheap Auto was led by King & Wood Mallesons partner Rhys Casey, with assistance from solicitor Stephanie Courtice.
Deal significance: According to a statement released by King & Wood Mallesons, the new AutoCrew, powered by Supercheap Auto brand, will benefit from the combination of Supercheap Auto’s existing retail footprint and customer knowledge together with Bosch’s leading diagnostic and workshop technologies.
“The venture is a natural evolution of the existing relationship between Bosch and Supercheap Auto”, the firm’s statement added.
“We are delighted to have supported long-standing client Super Retail Group in relation to this unique venture with Bosch,” King & Wood Mallesons partner Rhys Casey said.
“The deal recognises the market opportunity created by the increasingly complex and digital nature of automotive systems, for a technology-driven, full-service auto workshop offering.”