Mallesons Stephen Jaques has acted for Valad Property Group on the proposed acquisition of 100 per cent of Valad Property Group by the US private equity group Blackstone, advised by Gilbert + Tobin.
The transaction is to be implemented by way of a court ordered scheme of arrangement for the Valad company and an informal trust scheme for the Valad trust. As a stapled group, Valad comprises a company and a trust, both of which are listed on the ASX.
It is expected that the proposed acquisition will be put to Valad security holders for approval in July and, if approved, will become effective around the beginning of August.
The Mallesons team was led by partners Barry McWilliams and Ken Astridge and senior associate Scott Phillips.
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