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FinClear advised on ‘strategic investment’

Global law firm Ashurst has advised FinClear Holdings Limited on what’s being described as a strategic investment by Magellan Financial Group.

November 13, 2020 • By Emma Musgrave
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FinClear advised on ‘strategic investment’
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Firm: Ashurst (FinClear Holdings Limited)

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Deal: Finclear Holdings Limited (FinClear) has been advised on an investment by Magellan Financial Group.

 
 

Value: $20 million

Area: Corporate, finance

Key players: The team advising FinClear was led by Ashurst partner Stuart Dullard, with assistance from counsel Andrew Kim, senior associate Fran Barber and lawyers Dillon Fuzi, Jack Jones, and Selena Tang.

Deal significance: FinClear is a provider of technology, trading infrastructure, and ASX market-access services to wealth, stockbroking, platform and fintech customers.

This transaction sees Magellan invest $20 million in FinClear to support its future growth ambitions. The move also sees the group appoint a director to the FinClear board.

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"FinClear and Magellan have also entered into a Relationship Agreement to explore initiatives to improve access and reduce friction from the investment process for investors," a statement from Ashurst explained. 

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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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