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
E-commerce groups advised on strategic transaction

E-commerce groups advised on strategic transaction

Nick Manuell

Two e-commerce businesses have made transformative acquisitions of each other’s brands.

Firms: Clarendon Lawyers (Lux Group); SBA Law (Catch Group)

Deal: Lux Group made a multifaceted strategic transaction with Catch Group

Value: Undisclosed

Area: M&A

Key players: The Clarendons team advising Lux Group was led by directors Nick Manuell (pictured) and Rob Feiner, with assistance from senior associate Adam Laidlaw, lawyer Zhong Wu and graduates Stephen Dyason and Rachel Morris.

Deal significance: Pure-play e-commerce business Lux Group made a strategic deal with competitor Catch Group involving several brand exchanges.

This involved Lux Group acquiring Catch Group’s luxury travel businesses BonVoyage and Scoopon Travel; Catch Group acquiring Lux Group’s designer brand product businesses, including Brands Exclusive and TheHome; and the two groups creating a joint venture by merging their local experience businesses, including Cudo, LivingSocial, DEALS.com.au and New Zealand-based TreatMe.

The deal will allow Lux Group to establish a focused and scaled travel e-commerce business with turnover of over $300 million, according to a statement from Clarendon.

The law firm called the deal “Australia’s largest home-grown e-commerce transaction”.

“We have been with Lux Group since they purchased Cudo in 2013 and have advised them on all of their other M&A transactions since,” Mr Manuell said.

“Our experience in this space is second to none and we are delighted to have advised Lux Group in the creation of a home-grown e-commerce champion that will be more than capable of matching it with the global giants.”

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

E-commerce groups advised on strategic transaction
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
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 & ...