Asaleo acquired via scheme of arrangement
Asaleo Care has acquired Asaleo via a scheme of arrangement with assistance from King & Wood Mallesons.
Firm: King & Wood Mallesons (Asaleo Care Ltd)
Deal: BigLaw firm King & Wood Mallesons (KWM) has advised Asaleo Care on the acquisition of Asaleo via a scheme of arrangement by its existing major shareholder.
Key players: The KWM team was led by partners Diana Nicholson and Joe Muraca, who were supported by senior associate Cammie Teo and solicitor Jordan Osrin.
Deal significance: Ms Nicholson said the firm’s relationship with Asaleo and understanding of its business proved invaluable in structuring and negotiating the deal: “It was another example of our core strength in working closely with clients on deals that matter. It’s really rewarding to help Asaleo prosecute a deal that represents great value for its shareholders.”
Mr Muraca added: “After 12 months operating under COVID-19 restrictions, particularly in Victoria, we’ve shown time and again that deals like this can be done in a virtual world when you have invested properly in tech and people.”