Clutz advises Patersons Securities

By Grace Ormsby|13 June 2019

Patersons Securities Limited has proposed a scheme of arrangement with an Australian subsidiary of TSX-listed Canaccord Genuity Group Inc.

Firm: Clayton Utz (Patersons Securities Limited)

Deal: Clayton Utz is advising Patersons Securities Limited on a proposed scheme of arrangement with Canaccord Genuity Group.

Value: $25 million

Area: Corporate

Key players: Clayton Utz corporate partner Mark Paganin and special counsel Stephen Neale are leading the firm’s team, with key support provided by Benjamin Depiazzi and Matthew Johns.

Deal significance: Patersons Securities Limited is an independent Australian securities business, according to a statement from Clayton Utz.


Patersons’ wealth management business is noted as having more than $13.6 billion in client assets under advice.

According to the firm, the business combination of Patersons and Canaccord will create a leading Australian capital markets, stockbroking and wealth management business.

Clayton Utz has flagged the total consideration payable under the scheme as $25 million, with $0.015 per share to be escrowed for a period of time.

It was reported that the scheme’s implementation is subject to various conditions, including the approval of Patersons shareholders and the court.

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

Clutz advises Patersons Securities
Intro image
lawyersweekly logo
Big Law


Corrs named legal rep for ampfa members

‘Extremely disappointing’: Women lawyers respond to latest barrister briefing numbers

Sydney prison phone system sold to German provider

K&L Gates welcomes financial services partner to Sydney office