Allens has advised leading global investment firm Bain Capital on its acquisition of Perpetual Limited’s financial advice, wealth management and traditional trustee businesses.
The transaction represents a significant investment in a leading Australian wealth platform and required the carve-out of a large and highly integrated business from the broader Perpetual group.
'This transaction reflects Bain Capital’s strong track record of investing in and growing businesses in Australia. We are proud to support Bain Capital as it continues to invest in and build high-quality businesses in the Australian market,' said co-lead partner Noah Obradovic.
‘This was a highly complex carve-out involving the separation of advice, wealth and trustee operations from the broader Perpetual group,' said co-lead partner Jessica Mottau.
The Allens team advised Bain Capital on all aspects of the transaction, including structuring, financing, separation arrangements, financial services regulatory matters and transitional services.
The team was co-led by partners Noah Obradovic (corporate/M&A), David Couper (financing) and Jessica Mouttau (IT/separation) with support from lawyers across M&A, financial services regulation, tax, employment, intellectual property, technology and competition.
Allens legal team
M&A and Capital Markets
Noah Obradovic (Partner), Georgie Leahy (Senior Associate), Konrad Stilin (Senior Overseas Practitioner), Fergus Rees (Associate), Eleanor Skuza (Associate), Lachlan Martin (Lawyer), Jack Shanahan (Lawyer)
Financial Services Regulation
Simun Soljo (Partner), Kerensa Sneyd (Partner), Michael Mathieson (Senior Regulatory Counsel), Guy Spielman (Senior Associate), Gabor Papdi (Senior Associate), Mathew Newell (Senior Associate)
Finance, Banking & Debt Capital
David Couper (Partner), Sarah Denton (Managing Associate), Angelina Mihaylova (Senior Overseas Practitioner)
Technology, Media & Telecommunications
Jessica Mottau (Partner), Aveline Orban (Senior Overseas Practitioner), Isaac Nankavill (Associate)
Intellectual Property
Tracy Lu (Partner), Kristi Hewetson (Senior Associate)
Real Estate
Annabelle Aland (Partner), Lauren Cutuli (Senior Associate)
Employment & Safety
Chloe Wilton (Partner), Sarah Lunny (Senior Associate)
Disputes & Investigations
Dora Banyasz (Counsel)
Competition, Consumer & Regulatory
Felicity McMahon (Partner)
FIRB
Andrew Wong (Counsel)