MALLESONS Stephen Jaques has advised Super Retail Group on its $610 million acquisition of Rebel Group from private equity group, Archer Capital.
Super Retails, which already owns retail chains including Supercheap Auto and Ray's Outdoors, said the acquisition will be funded through a fully underwritten 9 for 19 pro-rata renounceable entitlement of new Super Retail ordinary shares.
Mallesons also advised Super Retail in relation to its $334 million pro-rata accelerated renounceable tradeable entitlement offer (PAITREO), the proceeds of which will be used to partially fund the acquisition.
The Mallesons' team was led by Brisbane M&A partner, John Humphrey, together with Meredith Paynter, Scott Heezen and Philip Ward of the firm's Sydney office.
The firm said teams from both offices worked closely on the acquisition and equity raising aspects of the deal, including senior associates Rhys Casey, Chris Taylor and Jonathan Grant, who were supported by a team of lawyers in both centres.
Humphrey said: "It was a demanding job requiring a significant team effort to pull the different elements of the deal together in the short deal timeframe. Andrew Pike at Freehills acted for Archer Capital on the acquisition and Stuart Byrne at Clayton Utz acted for Macquarie and RBS the joint underwriters."