find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Freelance Project Finance Lawyers
Category: Other | Location: All Australia
· Vario are looking for freelance lawyers with experience in project finance ideally within the renewable energy sector
View details
Vario Freelance Lawyers
Category: Construction Law | Location: All Australia
· We are looking for lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Freelance Construction Lawyers
Category: Construction Law | Location: All Melbourne VIC
· We are looking for construction lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Blakes and Bakers advise on takeover

Blakes and Bakers advise on takeover

Baker & McKenzie and Blake Dawson have advised on a $115 million financial company takeover.Baker & McKenzie's Melbourne office acted for DKN Financial Group Limited on its acquisition…

Baker & McKenzie and Blake Dawson have advised on a $115 million financial company takeover.

Baker & McKenzie's Melbourne office acted for DKN Financial Group Limited on its acquisition by IOOF Holdings Limited, advised by Blake Dawson.

IOOF, an Australian financial services company specialising in investment and superannuation management, acquired financial services solutions provider DKN by way of scheme of arrangement.

The Bakers team was led by corporate partner Richard Lustig and general associate Simon Schenkel, along with partner Alex Wolff and senior associate Helen Joyce. The team worked closely with financial adviser Macquarie Capital (Australia) Limited on the transaction.

Lustig said more transactions involving financial services companies will be seen as the market continues to consolidate.

"With increasing market consolidation in this area and in light of industry regulatory changes, we can expect to see more transactions in the financial services industry, particularly in the small to mid-cap end of the market," he said.

Lustig also said the structure of this particular transaction was interesting in the way that it provided flexibility without there being an options scheme, "but still in a way which preserved capital gains tax rollover relief".

Melbourne corporate partner Peter Stirling led the Blakes team and was assisted by Ben Langford and Aaron Shute.

Like this story? Read more:

Book commemorates diamond milestone for WA law society

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

NSW proposes big justice reforms to target risk of reoffending

Blakes and Bakers advise on takeover
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jan 23 2018
Disrupting traditional archiving and storage methods
Promoted by Fileman TRENDS COME and go but technology and its disruption to the legal landscape h...
Scales of Justice
Jan 23 2018
WA to close ‘legal loophole’ on gender reassignment laws
Laws in Western Australia will soon change to permit married people to undergo gender reassignment s...
Lawyers take to Twitter to share career stories
Jan 22 2018
Lawyers take to Twitter to share career stories
The #mypathtolaw hashtag has been embraced by legal eagles to swap stories with the Twitter communit...
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 & ...