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Kean family advised on sale of ‘flagship’ BMW dealership

Marshalls+dent+wilmoth have advised the Keans, a notable family in Australia’s automotive industry, on the sale of its Adelaide BMW dealership.

May 09, 2019 • By Emma Musgrave
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Firm: marshalls+dent+wilmoth lawyers (Kean family)

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Deal: The Kean family’s Adelaide BMW dealership and associated MINI dealership business has been sold to publicly listed automotive group, AP Eagers.

 
 

Value: Undisclosed

Area: M&A

Key players: The marshalls+dent+wilmoth team was led by senior commercial and property partner Jeffrey Pinch, with assistance by senior associate Josh Kaplan. 

Deal significance: According to a statement from the firm, the Adelaide BMW represented the last remaining major asset held by the late Vin Kean, “who was a legend of the automotive industry [and] who enjoyed a 61 year career in car retailing”.

It is also the sole BMW dealership in Adelaide, the firm said.

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“We are delighted to have advised on this transaction and congratulate the Kean family on their magnificent contribution to the Australian automotive industry,” partner Jeffrey Pinch added.

“The sale of Adelaide BMW is further evidence of our firm’s expertise in advising on transactions in the automotive industry, and compliments our recent engagement in advising the sellers on the successful sale of Doncaster BMW and Ferrari Adelaide.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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