A mid-tier firm has advised an Australian property valuation and advisory group on the amalgamation of its franchise units.
Firm: Arnold Bloch Leibler (Opteon Property Group)
Deal: Arnold Bloch Leibler (ABL) has advised Opteon Property Group (Opteon) on the amalgamation of its franchise units as it looks to restructure its operations.
Key players: ABL corporate partner Michael Dodge (pictured) advised Opteon on the deal, with assistance from lawyer Emily Ellis-Czerkaski.
Deal significance: Opteon is a property valuation and advisory group with franchise units across Australia.
ABL advised Opteon on the legal aspects of its amalgamation of approximately 80 per cent of its business. This involved buying out many of the group’s franchisees, part of a significant restructure of its operations as it looks to expand.
“The amalgamation will allow the group to retool with new software and to build scale by expanding its business advisory services through strategic acquisitions,” ABL said in a statement.
Michael Dodge, the lead partner advising on the deal, said, “We are delighted to have advised on this transaction. It takes foresight for a business to identify the market challenges – such as the threats of disruption – that it is facing.
“But real business leadership requires courage. It takes courage to reshape a business structure to meet the market challenges head on. An amalgamation is not an easy process, as it can be disruptive to the business and the relationship of the principals. We were, therefore, pleased to assist in helping to shape this process to achieve the desired business objective.”
Opteon will begin operating under its new structure on 1 March 2017.
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