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Brookfield plans acquisition of La Trobe Financial
Herbert Smith Freehills has advised Brookfield Business Partners on a planned acquisition of La Trobe Financial, an Australian credit asset manager with over 50,000 investors.
Shandel McAuliffe
Firm: Herbert Smith Freehills (Brookfield)
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Deal: Brookfield, assisted by Herbert Smith Freehills, is planning an acquisition of La Trobe Financial. The deal encompasses a contingent payment based on La Trobe Financial hitting set targets.
Value: $1.5 billion (approx)
Area: M&A
Key players: Herbert Smith Freehills partners Nicole Pedler and Philippa Stone; corporate senior associate David Kim; solicitors Hudson Archer and Raul Vellani; regulatory partners Charlotte Henry and Fiona Smedley; senior associates Yorick Ng and David Curley; finance partner Nikki Smythe; senior associate Lauren Jeffries; employment partner Michael Gonski; senior associate Rommo Pandit; IT partner Peter Jones; solicitor Raymond Sun; and IP special counsel Amalia Stone.
Deal significance: La Trobe Financial has assets under management worth in excess of $13 billion. Partner Nicole Pedler described the Brookfield deal as an “important acquisition”.
Partner Philippa Stone added: “We are delighted to have supported the Brookfield team in this transaction which will expand Brookfield’s Australian presence.”
