find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Merger creates SA’s ‘largest retail pharmacy network’

Merger creates SA’s ‘largest retail pharmacy network’


Two firms have helped complete a merger between two pharmaceutical companies, creating an entity with eight per cent market share.

Firms: Carter Newell (Terry White Group Investments Limited); JL Lawyers (Chemplus)

Deal: Terry White merged with Chemplus Pty Ltd, the franchisor of one of South Australia’s largest retail pharmacy networks (Chemplus).

Value: Undisclosed

Area: M&A

Key players: The Carter Newell team was led by corporate partner Matt Couper (pictured below), assisted by solicitor William Keating.

Deal significance: According to a release by Carter Newell, once integrated, Terry White Group Investments Limited (TWC GIL) and Chem Plus will form the largest retail pharmacy network in South Australia with eight per cent market share.

Chemplus is the franchise management entity that supports the South Australian-based Chemplus network of more than 60 retail pharmacies operating as franchisees throughout metropolitan Adelaide and regional South Australia.

The transaction received positive endorsement from the existing Chemplus network, with each pharmacy owner signing a letter of support prior to Completion.

Under the terms of the share purchase agreement, the former chairman of Chemplus, Scott McGregor, has been appointed as a director of TWC GIL, while former chief executive officer Nick Tsamaidis will remain in a senior management position within the Chemplus business.

The amount paid by TWC GIL to Chemplus’s former shareholders was structured as a core cash payment on Completion with deferred consideration elements conditional upon meeting certain objectives in the period following completion.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Merger creates SA’s ‘largest retail pharmacy network’
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...