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AMA Group secures Capital S.M.A.R.T from Suncorp

G+T has assisted AMA Group in acquiring Suncorp’s crash repair business.

November 13, 2019 By Naomi Neilson
John Schembri

Source: gtlaw.com.au/people/john-schembri

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Firm: Gilbert + Tobin (AMA Group Limited)

Deal: Gilbert + Tobin (G+T) advised AMA Group Limited (AMA) in acquiring Suncorp’s Capital S.M.A.R.T Repairs Australia Pty Ltd crash repair business.

Value: $420 million.

Area: M&A.

Key players: The team was led by head of G+T’s banking and infrastructure team John Schembri, with support from special counsel Spiro Papadolias and lawyers Corrie Eames and Felix Buddee.

Deal significance: The acquisition was accompanied by a $216 million capital raising and includes a long-term strategic service agreement of 25 years under which Capital S.M.A.R.T remains Suncorp’s recommended repairer.

G+T also assisted AMA on its $20 million concurrent acquisition of 100 per cent of Suncorp’s ACM Parts Pty Ltd automotive parts supplier.

Mr Schembri said: “We were delighted to have assisted AMA [in] this milestone transaction. This new facility will provide AMA with a tailored and flexible financing package to help secure its strategic objectives going forward.”

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Naomi Neilson

Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly. 

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

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