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Picture perfect sale

Clayton Utz and Ashurst have advised on the sale of Salmat’s Business Process Outsourcing division to Japan's FUJIFILM Holdings Corporation.

Firms:  Clayton Utz (Salmat Limited), Ashurst (FUJIFILM Holdings)

Deal: Sale of Salmat’s Business Process Outsourcing (BPO) division to Japan's FUJIFILM Holdings Corporation (Fujifilm Holdings)

Area: Corporate; M&A

Value: $375 million

Key players: Corporate advisory/M&A partner Geoff Hoffman (pictured) is leading the multi-disciplinary Clayton Utz team advising on the transaction, with support from senior associate Patricia Paton

Deal significance: The transaction was announced to the market on Monday (August 27). Salmat is Australia's leading omni-channel communications partner. The sale, which remains subject to FIRB approval, is expected to complete in mid-October.

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