Firms: King & Wood Mallesons (DEXUS Property Group); Herbert Smith Freehills (joint lead managers)
Deal: Proposed merger of DEXUS Property Group with Investa Office Fund via an informal trust scheme
Value: $23.4 billion
Key players: The King & Wood Mallesons team is being led by partner Susan Hilliard (pictured), with support from senior associates Daniel Natale, Amanda Isouard and Miriam Kleiner.
Deal significance: DEXUS Property Group is Australia's biggest listed office landlord.
DEXUS has offered 0.424 of its securities and approximately 82c in cash for each Investa Office Fund security, implying an offer of $4.11 per security.
If the merger of DEXUS Property Group with Investa Office Fund is successful, it will result in a combined entity with $23.4 billion of assets under management.
The proposal is subject to a number of conditions including due diligence, the parties entering into a binding Merger and Implementation Agreement and IOF unit holders voting in favour of the proposal.
King & Wood Mallesons lead partner Susan Hilliard said: “We’re delighted to support long-standing client DEXUS in relation to the merger proposed, which will, if successful, result in a combined entity with $23.4 billion of assets under management.”
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