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NASDAQ and TSX-listed company BRP Inc has been advised on its acquisition of four-fifths of Telwater Pty Ltd.
Source: telwater.com
Firm: Baker McKenzie (BRP Inc); Unknown (Telwater Pty Ltd).
The transaction is subject to customary closing conditions, Bakers said, including regulatory approval and is expected to complete at the end of June 2019.
Value: Undisclosed
Area: M&A
Key players: The Bakers team was led by partner Andrea Kennedy, who was supported by partner Georgina Foster and associates Sam Mossman and Stephanie Szkilnik.
Deal significance: Ms Kennedy said: “We are delighted to have worked with BRP on this transaction, which is part of the group’s strategy to transform the marine industry and further its goal of becoming a leading global marine company by investing in the current leader in this region.”
“BRP already had a strong existing relationship with Telwater and this represented a great opportunity to reinforce its presence in Australia.”
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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