Allens has acted for ASX-listed global equity manager VGI Partners (VGI) on its merger with specialist alternatives investment manager Regal Funds Management (Regal). The merged business – trading on the ASX as Regal Partners Limited – combines two of the country's top fund managers.
'We are delighted to have advised VGI on this important transaction alongside VGI's financial adviser, Jefferies Australia. The merger with Regal creates a market-leading provider of alternative investment strategies, with $5.6 billion in customer assets and a team of 100 in Australia and offices in New York, Singapore and Tokyo. It has been a pleasure working with the VGI and Regal teams. We congratulate them on successfully implementing the complex merger on a compressed timetable,' said Partner Tom Story.
'We expect to see further transactions involving the consolidation of funds management businesses in the future, as investors seek scale and diversification in the sector'.
The merger was effected by VGI acquiring Regal in exchange for issuing new ordinary shares to Regal shareholders.
Allens legal team
Tom Story (Partner), Patrick McGregor (Senior Overseas Practitioner), Katherine Tsatsaklas (Associate), Lucinda Campbell (Lawyer), Angela Lambros (Lawyer)