find the latest legal job
Monash University Director Workplace Relations
Category: Industrial Relations and Employment Law | Location: All Melbourne VIC
· Exceptional senior leadership role
View details
Personal Injury Lawyer - Melbourne Eastern Suburbs - 2-5 years PAE
Category: Personal Injury Law | Location: Lilydale VIC 3140
· Fulfilling role as part of a small team in a positive workplace
View details
Legal Counsel
Category: Banking and Finance Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· In-house opportunity · Be part of our engine for success in a high growth business
View details
Trainer/Assessor Diploma of Legal Services
Category: Other | Location: Liverpool NSW 2170
· 3 Days Per Week · 9am - 4pm
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Car and boat finance company sells for $8.2bn

Car and boat finance company sells for $8.2bn

Evie Bruce, King & Wood Mallesons

Finance company Esanda has been purchased by Macquarie Group, taking the group's motor vehicle finance assets to a total of $17 billion.

Firms: Clayton Utz and King & Wood Mallesons (Macquarie Group); Ashurst (ANZ Bank)

Deal: Macquarie Group purchased Esanda from ANZ Bank.

Value: $8.2 billion

Area: M&A

Key players: The Clayton Utz team was led by Kate Jordan and Rory Moriarty, who were joined by partners Linda Evans, Michael Corrigan, Fran Rush, Narelle Smythe and Ken Saurajen, and senior associate Adam Foreman.

Ashurst was headed up by partner Elspeth Arnold, along with partner Tiffany Barton, senior associate Eliza Blandford and lawyer David Wright in the corporate team; Ian Kellock and Geoff Mann in Tax; Jennie Mansfield in employment; senior associate Alice Morrison in RSSG; Peter Armitage and Alice Muhlebach in competition; Jenny Schlosser, Philip Trinca, Graeme Tucker, and Jamie Ng in Finance/SDG; Ashley Wharton in Disputes; as well as assistance from the Glasgow office.

The King & Wood Mallesons equity capital markets team comprised partners Evie Bruce and David Eliakim and senior associates Henrik Moritz, Andrew Phillipson, Scott Phillips and solicitor John Arthur. The King & Wood Mallesons banking team included partner Ken Astridge, senior associate John Eagleton and solicitors June Guo and Susie Nguyen.

Deal significance: Macquarie Group purchased finance company Esanda, previously a subsidiary of ANZ Bank, for $8.2 billion. The purchase will see Macquarie's motor vehicle finance assets climb from $9 billion to $17 billion.

Clayton Utz advised Macquarie Group on the acquisition, while King & Wood Mallesons advised Macquarie on its debt and equity funding.

King & Wood Mallesons partner Evie Bruce (pictured) said: “The fact that the placement priced at a premium to the pre-announcement trading price shows how positively the market views both the deal and the group’s performance generally.”

The Esanda business comprises approx 330,000 retail customers and 450 dealer originators and 160 dealers with bailment and lending facilities with ANZ.

Like this story? Subscribe to our free newsletter and receive Lawyers Weekly every day straight to your inbox.

 

Promoted content
Recommended by Spike Native Network