Asaleo acquired via scheme of arrangement

By Naomi Neilson|17 February 2021
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) 

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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. 

Value: N/A.

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Area: M&A.

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.”

Asaleo acquired via scheme of arrangement
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