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Link divests PEXA stake
Link Administration Holdings Limited (Link Group) has been advised on the divestment of its 42.8 per cent stake in PEXA Group Limited (PEXA).
Jerome Doraisamy
Firm: Herbert Smith Freehills (Link Group)
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Deal: Link has divested its 42.8 per cent stake in PEXA Group Limited, including by selldown and in-specie distribution.
Area: Corporate; merger and acquisition
Value: $860 million
Key players: The HSF team was led by partners Tony Damian and Nicole Pedler, who were supported by senior associate Jennifer Xue, and solicitors Jacob Lancaster and Nick Venn.
Deal significance: Mr Damian said: “We are proud to be advising Link Group on this transaction, which will provide Link Group shareholders with direct exposure to PEXA and its potential future growth.”
Ms Pedler added: “The distribution is an important milestone that unlocks flexibility for Link Group shareholders, and we are glad to have been able to support the Link Group team throughout the transaction.”
