Deal: The shareholders of Everyday Independence, a provider of NDIS therapy services, have been advised on its sale to ASX-listed APM Human Services International Limited.

Area: Corporate

Value: Up to $150 million

Key players: The Landers team was led by special counsel Paul Mayson, who was supported by partner David Morris, senior associate Breanna Taylor, and lawyers Annabelle Gray and Jack Boydell.

Also advising on the deal was KPMG’s mergers and acquisitions team, including partner and head of KPMG M&A Peter Turner, partner Helen Sutherland, associate director Lauren Morcom and manager Oliver Ellison.

Deal significance: Speaking about the matter, Mr Mayson said: “The deal structure was complex, including an upfront cash payment of $35 million on completion, a $17.5 million deferred payment, and an EBITDA-based earn-out, which could bring the total consideration up to $150 million.”

“[It] deal also featured warranty and indemnity insurance, providing limited recourse to the selling shareholders for any post-completion warranty issues.”

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The firm, Mr Mayson went on, was “thrilled to act for the shareholders of Everyday Independence on such a significant transaction”.

“Everyday Independence is among the largest and most respected NDIS-registered providers in the country and, under the umbrella of APM, it will have an even greater impact on the lives of individuals, families and communities,” he said.