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
Firms act on $8.3bn consortium agreement

Firms act on $8.3bn consortium agreement


Three firms have advised on a large private equity transaction involving global alternative investment company Värde Partners.

Firms: Arnold Bloch Leibler (Värde Partners); DLA Piper (KKR); King & Wood Mallesons (Deutsche Bank); Ashurst (consortium vehicle)

Deal: Värde Partners (in consortium with KKR and Deutsche Bank) acquired GE consumer finance business in Australia and New Zealand.

Value: $8.3 billion

Area: M&A

Key players: Arnold Bloch Leibler’s team comprised Melbourne-based banking and finance partner Ben Mahoney (pictured) and senior associate Daniel Mote. DLA Piper partner Grant Koch, KWM partner Ros Anderson and Ashurst partner Mark Stanbridge also worked on the deal.

Deal significance: This was one of the “largest-ever private equity transactions in the region”, according to a release by Arnold Bloch Leibler.

The GE business, now renamed Latitude Financial Services, provides consumer credit to more than 2.5 million customers through Australian retailers, including Harvey Norman and Coles.

Arnold Bloch Leibler represented Värde in relation to the A$8.3 billion consortium agreement between the three members, as well as financing aspects of the investment.

“We were honoured to be involved in what is a transformative transaction for our client,” said Mr Mahoney.

“We congratulate our client on this milestone achievement, which will allow them to establish a dedicated Australian office.”

Mr Mote said: “This was a complicated deal involving a challenging structure and a number of parties."

Promoted content
Recommended by Spike Native Network