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Australian insurer Suncorp has been advised on the sale of its authorised representative network, Resilium, through a management buyout.
Firm: DLA Piper (Suncorp)
Value: Undisclosed
Area: Corporate
Key players: The DLA team was led by Brisbane corporate partner Lyndon Masters with partners Samantha O’Brien and David Lyons, senior associate Adrian Tan, foreign legal associate Kimberly Eichorn and solicitors Elizabeth Campbell, Cassian Ho, Ellie Harding and Ann-Marie Coleman.
Deal significance: Mr Masters said: “We are pleased to partner with Suncorp on this sale, which will see Resilium operate independently, while maintaining a strategic alliance with Suncorp. As a standalone business, Resilium will further invest in products and services to better meet the needs of its customers, which is a positive outcome for sector.”
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Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
