NEWS

Allens advises Platinum Asset Management on proposed merger with L1 Capital

Key advisers: Guy Alexander, Julian Donnan
Capital Markets Financial Services Mergers & Acquisitions Private Capital

Allens is advising Platinum Asset Management on its proposed merger with L1 Capital to create a market-leading investment platform with a combined $16.5 billion in assets under management.

The merger will see Platinum acquire L1 Capital in exchange for issuing new ordinary shares to L1 Capital's existing shareholders. Following completion of the transaction, L1 Capital's existing shareholders will hold 74% of the merged group, and Platinum's shareholders will hold 26% of the merged group.

Led by M&A partners Guy Alexander and Julian Donnan, the Allens team advising on the transaction included experts from the firm’s M&A, funds and financial services, tax, banking and finance, employment and competition practices.

The proposed merger is subject to a number of customary conditions, including approval by Platinum's existing shareholders, and is scheduled to complete in September 2025.

The transaction builds on Allens' strong track record in the asset management sector, including previously advising VGI Partners on its merger with Regal Funds Management.

Allens legal team

M&A and Capital Markets

Guy Alexander (Partner), Julian Donnan (Partner), Katherine Tsatsaklas (Senior Associate), Terence Zhou (Senior Associate), Chiara Biviano (Associate), Will Simpson (Associate), Liam Slabber (Lawyer), Lachlan Martin, (Lawyer), Nicholas Borovik (Lawyer), Ashley Younger (Law Graduate)

Tax

Craig Milner (Partner)

Funds, Super and Financial Services 

Simun Soljo (Partner), Derek Heath (Consultant), Jamil Diu (Managing Associate), Gabor Papdi (Senior Associate), Emily Tate (Associate), Kim Ng (Lawyer), Harriet Walker (Lawyer)

Competition, Consumer and Regulatory

Robert Walker (Partner), Erin Molony (Senior Associate), Steven Lee (Senior Associate)

Employment & Safety

Sikeli Ratu (Partner), Veronica Siow (Partner), Lawrence Mai (Associate)

Finance, Banking & Debt Capital  

Rod Aldus (Partner), Tania Joppich (Senior Associate), Ben Shaw (Law Graduate)

Real Estate & Development

Annabelle Aland (Partner), Elysia Liekefett (Senior Associate), Stella Bogdanovic (Associate), Cameron Saliba (Law Graduate)

Technology, Media & Telecommunications 

David Rountree (Partner), Elizabeth Brown (Senior Associate), Scarlett Stevens (Lawyer)

Intellectual Property

Miriam Stiel (Partner), Tommy Chen (Managing Associate), Desmond Yong (Lawyer)