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Big Law

Club Super to complete Hostplus merger

National law firm Thomson Geer has advised Club Super on its impending merger with Hostplus.

October 03, 2019 • By Emma Musgrave
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Scott Charaneka
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Firms: Thomson Geer (Club Super); Undisclosed (Hostplus).

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Deal: Club Super has been advised on its merger with Hostplus. Under the deal, Club Super’s 22,000 members along with $600 million of funds under management will be transferred to Hostplus on 1 November 2019.

 
 

Area: M&A, superannuation

Key players: The legal team advising Club Super was led by Thomson Geer partner Scott Charaneka and lawyer Lincoln Rodgers.

Deal significance: Club Super is described as a Queensland-based hospitality industry fund with 22,000 members and $600 million of funds under management.

Meanwhile, Hostplus is described as Australia’s top-performing industry superannuation fund, with 1.2 million members and $42 billion in funds under management.

Club Super chair Sharron Caddie said the merger will “actively help bring enhanced services and benefits to our members and employees, while continuing to recognise and support the community and sporting clubs they work so tirelessly in”.

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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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