3 August, 2012
Henry Davis York (HDY) advised the founding shareholders of Alliance Equipment Finance Pty Ltd in the company’s recent sale to Investec Bank (Australia) Ltd.
HDY also assisted Alliance’s management, in parallel with the sale process, to compile and document a new leasing product. This initiative was a key attraction for Investec in finalising the deal.
HDY partner Glenn Hughes said that the Alliance acquisition was of strategic importance to Investec because it had been seeking to expand its asset finance business in Australia for
“We were able to assist Alliance’s founding shareholders with transaction structuring, initial strategy and negotiating advice, taxation advice, finalising the detailed heads of agreement, negotiating a share purchase agreement and helping with implementation and completion,” Mr Hughes said. “Special considerations included obtaining approvals from APRA and the South African Reserve Bank, and setting-up a complex earn-out and incentive arrangement.”
For further information, please contact:
Glenn Hughes, Henry Davis York
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