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NZ and Aus firms advise in $5 billion deal

Five Australian and New Zealand firms have advised on a $5 billion whole loan sale transaction.Gilbert + Tobin advised the Commonwealth Bank of Australia (CBA) as one of the principal financiers…

user iconLawyers Weekly 12 August 2011 Big Law
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Five Australian and New Zealand firms have advised on a $5 billion whole loan sale transaction.

Gilbert + Tobin advised the Commonwealth Bank of Australia (CBA) as one of the principal financiers of Pepper Australia Pty Limited (advised by Freehills, Mallesons Stephen Jaques and NZ firm Russel McVeagh).

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The North Sydney based holding company, Pepper Australia, acquired the $5 billion residential mortgage portfolio originated by GE Capital.

NZ firm Chapman Tripp advised CBA on the New Zealand aspects of the transaction.

G + T banking and finance partner Duncan McGrath and lawyer Benjamin Downie advised CBA on the Australian aspects of the transaction.

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