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Deals 9 September

Deals 9 September

Minter Ellison advised Bank of Queensland (BOQ) on the sale of its ATM Solutions business to Macquarie Bank, for an enterprise value of $64 million. ATM Solutions has the largest ATM fleet in…

Minter Ellison advised Bank of Queensland (BOQ) on the sale of its ATM Solutions business to Macquarie Bank, for an enterprise value of $64 million. ATM Solutions has the largest ATM fleet in Australia. Macquarie will maintain the BOQ branding on the existing 1,700 ATMS and extend branding to selected new ATMS. BOQ will remain transaction acquirer and cash servicer for the next five years.

A team from Minter Ellison’s Brisbane office advised on the sale and ongoing strategic alliance. Corporate Group partner Tim Reid led the team, assisted by Suzanne Sheridan, Rupert Copeman-Hill and banking and finance special counsel, Graham Mouat.

Corrs Chambers Westgarth acted for Markham Property Fund No 2 Pty Ltd on its purchase of the IMAX Theatre at Darling Harbour. The deal involved obtaining a development application for extension works, surrendering the old tenancies, settling terms on three new tenancies, settling agreements for lease for two new premises under construction, novating signage, storage and seating licences, creating and novating sub-licences and deeds of consent.

Matthew Seymour was the lead partner for the Corrs team; David Walker, now with Holding Redlich, acted for the vendor, assisted by Di Walker; Clayton Utzs Peter McMahon acted for the freeholder; Arnold Bloch Leiblers Kate Healy, Georgina Ward and Paul Rubenstein acted for the financier. “All contributed hugely to making the deal happen,” Seymour said.

New Zealand firm Hesketh Henry advised Pernod Ricard SA on the New Zealand aspects of the recent successfully completed $18.42 billion worldwide acquisition of Allied Domecq plc. The acquisition was by way of a scheme of arrangement under the United Kingdom Companies Act 1985 and resulted in Pernod Ricard becoming the world’s number two wine and spirits operator.

Partners Erich Bachmann and Frank Chan led the Hesketh Henry team.

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