Pinnacle advised on rival takeover bid

By Emma Ryan|01 February 2017

Pinnacle Investment Management Group has been advised on a rival takeover bid for Hunter Hall.

Firm: Gilbert + Tobin (Pinnacle Investment Management Group)

Deal: Pinnacle Investment Management Group (ASX: PNI) has been advised on making an off-market takeover offer to acquire all of the shares in Hunter Hall (ASX: HHL) at a price of $1.50 per share, payable in cash through its wholly owned subsidiary Pinnacle Ethical Investment Holdings Limited.

Pinnacle lodged its bidder’s statement with HHL, ASIC and the ASX on 30 January 2017.

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Value: $1.50 per share

Area: Finance

Key players: The legal team advising Pinnacle was led by Gilbert + Tobin partners John Williamson-Noble (pictured left) and Tim Gordon (pictured right), with assistance from lawyers Beth Jeffers, Lucy Hall and James Hunn.

Deal significance: The Pinnacle offer represents a premium of 50 per cent to the rival off-market takeover offer announced by Washington H. Soul Pattinson and Company Limited (ASX: SOL) on 30 December 2016.

Pinnacle is an ASX-listed multi-affiliate investment management firm that currently consists of seven investment affiliates, which collectively have FUM of over $23 billion in assets across a diverse range of asset classes.

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“We are very pleased to advise Pinnacle on this transaction,” Gilbert + Tobin partner Tim Gordon said.

“Pinnacle Investment Management is a leading Australian multi-affiliate investment management firm, widely respected for its track record and leadership in environmental, social and governance investing.”

 

Pinnacle advised on rival takeover bid
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