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Three firms advise on Choice takeover
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Three firms advise on Choice takeover

Allen & Overy, Dibbs Barker and Allens Arthur Robinson have advised on iSelect Ltd's first acquisition in the Australian market.Under the deal, which was declared unconditional on 13…

Allen & Overy, Dibbs Barker and Allens Arthur Robinson have advised on iSelect Ltd's first acquisition in the Australian market.

Under the deal, which was declared unconditional on 13 October, domestic insurance intermediary iSelect will acquire fellow finance comparison site InfoChoice Limited.

The acquisition, which is structured as a takeover bid, is being funded via a $35 million loan facility arranged by Goldman Sachs & Partners Australia Capital Markets Limited and is scheduled to close on 31 October.

Allens advised iSelect with Melbourne partners Mark Malinas, Jon Webster and Robert Simkiss leading the team on the transaction.

Allens banking and finance partner Simon Lynch and senior associate Warwick Newell also advised in the deal.

Dibbs Barker advised InfoChoice, while A&O advised Goldman Sachs.

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