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Big Law

Surf companies’ proposed acquisition heats up

Two firms have advised on a proposed acquisition between Billabong and Boardriders.

January 12, 2018 • By Emma Musgrave
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Firms: Allens (Billabong); Gilbert + Tobin (Boardriders)

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Deal: Billabong International Limited has been advised on its proposed acquisition by Boardriders.

 
 

Value: $380 million

Area: Proposed M&A

Key players: The Allens legal team was led by partner Guy Alexander, with assistance from partners Vijay Cugati, Alan Maxton and Carolyn Oddie, senior associates Noah Obradovic, Nashleen Dilrajh, Michael Gibling and James Kerr, and lawyers Anna Conigrave and Max Chapman.

Deal significance: As part of the transaction, it is proposed that Boardriders will acquire all of the shares in Billabong, other than those already owned by its related entities, at a price of $1 per share in cash via a scheme of arrangement,” according to a statement from Allens.

“We are pleased to be advising Billabong on this transaction and we look forward to the next stage of the deal,” said Guy Alexander, Allens' head of M&A and lead partner on the deal.

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Completion of the transaction remains subject to the satisfaction of certain conditions, including shareholder and regulatory approvals and certain other conditions, Allens noted.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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