Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

Anchorage acquires David Jones

Private equity firm Anchorage Capital Partners has been advised on its acquisition of David Jones from Woolworths Holdings Limited (South Africa) (JSE: WHL).

January 18, 2023 By Jerome Doraisamy
expand image

Firm: Corrs Chambers Westgarth (Anchorage)

Deal: Anchorage has acquired David Jones from Woolworths Holdings Limited (South Africa) and was advised by Corrs on all aspects of the transaction.

Area: Private equity

Value: Undisclosed

Key players: The Corrs team was led by partners Ricky Casali and Andrew Hewson, who were supported by partners James North, Nathaniel Popelianski, Paul Carrick and Steven Rice, as well as practitioners from across the firm’s private equity, technology, property, employment, intellectual property and financial services groups.

Deal significance: Speaking about the matter, Mr Casali said: “It’s been great to work with long-term client Anchorage Capital Partners on its investment into David Jones. With a strong vision for the retailer, we wish the team all the best on their transformation strategy.”

Mr Hewson added: “This is another great example of Corrs’ collaborative culture, with input required from across the firm to reach execution of the transaction in a very short time frame.

“David Jones is an iconic Australian retailer, and we look forward to following its journey under Anchorage’s stewardship.”

Loving our content? Get unlimited access as a premium member for just $5/month or $49/year. Become a member here.

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
lawyersweekly jobs image
lawyersweekly jobs
Discover the latest legal jobs
Find Australian legal jobs, employment & career opportunities
Momentum Media Logo
Most Innovative Company