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Corrs Chambers Westgarth has advised on a $200 million transaction that sees the sale of Symple Financial Group Pty Limited to Latitude Group Holdings Ltd.
Firm: Corrs Chambers Westgarth (Symple Financial Group Pty Ltd); undisclosed (Latitude Group Holdings Ltd).
Value: $200 million.
Area: M&A.
Key players: The Corrs Chambers Westgarth team advising Symple was led by partner Jonathan Farrer and included lawyers across the firm’s corporate, tax and regulatory teams.
Deal significance: Symple is a Melbourne-based consumer lending fintech founded in February 2018.
The company was launched to offer a better, faster, easier and lower cost personal loan alternative for Australian customers.
According to a statement provided by Corrs Chambers Westgarth, the transaction consideration includes a combination of cash and shares in Latitude.
“This transaction enhances Corrs’ reputation as a leading legal adviser for start-ups,” said lead partner Mr Farrer.
“We have been involved in all aspects of Symple’s journey, from incorporation of the company in 2018 to its sale for $200 million which was announced to the market on 9 August 2021.”
