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Allens and Linklaters act together to secure Securency for Innovia

6 March 2013

Allens, in alliance with Linklaters, has advised Arle Capital Partners and its portfolio company, Innovia Films, on the acquisition of the remaining 50 per cent (approximately) interest in Securency International Pty Ltd from the Reserve Bank of Australia (RBA). The deal was completed on 28 February 2013.

Securency has been jointly owned by Innovia and the RBA since 1998, and is a world leader in banknote counterfeit prevention through the manufacture and supply of its advanced Guardian® polymer-based banknote substrate.

Currently in issue in 21 countries around the world, including Australia, Canada and Mexico, Securency's Guardian® banknotes are highly durable, safe and secure.

According to Partner Niranjan Arasaratnam, who led the Allens team on the transaction, Allens and Linklaters advised Innovia on numerous transaction documents, including the share purchase agreement; a new long-term banknote substrate supply arrangement between Securency and the RBA's wholly owned subsidiary, Note Printing Australia Pty Ltd; and new debt financing arrangements with Securency's existing domestic Australian lender.

'This was a complicated matter that required a number of practice areas across the firm to collaborate, particularly the Corporate, Finance and International Obligations teams,' Mr Arasaratnam said.

'The deal involved a high degree of teamwork and, through our alliance with Linklaters, we were able to provide seamless service delivery to our mutual client across a number of practice areas and jurisdictions.'

Allens legal team Niranjan Arasaratnam (Partner – Melbourne), Warwick Newell (Partner – Melbourne), Michael Graves (Partner – Melbourne), Emin Altiparmak (Senior Associate – Melbourne), Rachel Nicolson (Senior Associate – Melbourne), Sandi Montalto (Senior Associate – Melbourne), Stefano Paciocco (Lawyer – Melbourne), Tim Leung (Lawyer – Melbourne), Nikki Macor (Lawyer – Melbourne), Lydia Wong (Lawyer – Melbourne), Emma Reilly (Lawyer – Melbourne)
Linklaters legal team Ian Bagshaw (Partner – London), Bruce Bell (Partner – London), Stuart Boyd (Managing Associate – London), Alistair Hill (Managing Associate – London), Pamela Brent (Associate – London), Mandeep Sidhu (Associate – London), Joanna Edworthy (Trainee Solicitor – London)

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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.