Firms: HWL Ebsworth (World Nomads Group); King & Wood Mallesons (nib)
Deal: Insurance company nib bought World Nomads Group.
Value: approx. $106 million
Key players: The team from HWL Ebsworth was led by partner Robert Gibson (pictured), supported by solicitor Martha Ware. At King & Wood Mallesons, partner Meredith Paynter and senior associate Miriam Kleiner worked on the deal.
World Nomads Group is the third largest distributor of travel insurance in Australia. Founded in Sydney in 2000, the group has a presence in 140 countries including the United States, Canada and United Kingdom
The sale to nib was announced on the Australian Securities Exchange in early July and has just completed.