find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Three firms bring funeral deal to life

Three firms bring funeral deal to life

Addisons, Johnson Winter & Slattery (JWS) and Minter Ellison have acted in the Australian acquisition of a funeral services company.InvoCare Limited, Australia's largest provider of funer

Addisons, Johnson Winter &Slattery (JWS)and Minter Ellison have acted in the Australian acquisition of a funeral services company.

InvoCare Limited, Australia's largest provider of funeral services, including cemeteries and crematoria, acquired Bledisloe Group Holdings Pty Limited, which operates such services in Australia and New Zealand.

The acquisition -settled for $114 million in cash and shares - complements InvoCare's existing operations in Sydney, Melbourne, Brisbane and the Gold Coast while introducing the company into New Zealand, Tasmania and regional parts of Queensland.

Addisons partner Michael Ryan has counted InvoCare as a client for the past 20 years. He said that Bledisloe was the largest rival to InvoCare in the funeral services market and that this acquisition is a major coup for his client.

"The first hurdle was getting an agreed price and when they did finally agree on the price the Australian Competition and Consumer Commission (ACCC) was not happy because there was a fear that InvoCare would dominate the market," said Ryan

The acquisition price was agreed in November 2010 but only recently completed due to the ACCC public consultation and clearance process.

As a condition of the acquisition the ACCC required that InvoCare divest its Gregory & Carr business in Sydney and Great Northern Garden of Remembrance in Brisbane.

Those businesses were sold to people that [InvoCare] thought would be significant and worthwhile competitors in the market," said Ryan, adding that it was a challenging logistical exercise to settle the main acquisition while selling the other two arms of InvoCare "almost all at the one time."

The Bledisloe acquisition was completed on the 15th June; the Gregory & Carr sale was completed at the end of June; and the sale of the Garden of Remembrance last week.

Ryan was supported by Addisons senior associate Kristy Dixon and lawyer Sarita Walpola.

Minters Brisbane partner Bruce Cowley acted for the shareholders of Bledisloe, supported by senior associate Stephen Knight. JWS partner John Kench, a competition and consumer protection adviser, assisted with the ACCC negotiations on behalf of InvoCare.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Three firms bring funeral deal to life
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jackie Rhodes
Dec 12 2017
Report sheds light on LGBTQI inclusion in law firms
A recent report has revealed the varying perceptions on LGBTQI diversity and inclusion in the Austra...
Women in business
Dec 12 2017
Annabel Crabb headlines Women in Business Forum
Political journalist Annabel Crabb has appeared at the Coleman Greig Lawyers Women in Business Forum...
Dec 11 2017
Warm welcome for new district court judges
Three practitioners who were appointed as district court judges in WA have been congratulated by ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...