Allens has advised the shareholders of James Frizelle's Automotive Group on the combination of that business with the Peter Warren Automotive Group in partnership with Quadrant Private Equity.
The combination brings together two of Australia's most trusted and well established automotive retailing groups.
Led by Paul Warren, the combined group will generate approximately $1.5 billion in annual revenue.
Frizelle's was established in 1985 and is one of the largest motor vehicle dealers in Queensland, selling more than 15,000 new and used vehicles per annum across 11 new brands from six sites across South East Queensland and Northern NSW.
'We are delighted to have advised Frizelle's on the next stage of its development as a leading Australian automotive group,' said Tom Story, lead partner on the deal from Allens.
'The combination of two such iconic Australian automotive groups will create significant opportunities in the automotive retailing market, and we look forward to seeing the combined group continue from strength to strength.'
The deal closed on 5 July. Miles Advisory Partners provided financial advice to the shareholders of Frizelle's.
Allens legal team
Tom Story (Lead Partner), Sean Cole (Senior Associate), Stephanie Kam (Associate), Damon Angus (Finance Counsel), Isaac Wall (Lawyer)
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Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.