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.
Value: $1.50 per share
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.
“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.”