MAJOR ACQUISITION ALL IN A WEEK'S WORK FOR LEADING LAWYERS
Written on the 9 October 2014 by Paris Faint
After closing the $7 million sale of Select Asset Management and Select Investment Partners (SIPL) to OneVue Holdings Limited, the teams at Hall & Willcox and McCullough Robertson have risen as models of exceptional legal efficiency.
The significant transaction involved the work of more than thirty vendors, and was swiftly finalised in less than a week.
Leading the OneVue legal team was Hall & Wilcox Partner Adrian Verdnik.
Verdnik says it was the efforts of the OneVue staff, McCullough Robertson legal team and his own department which made for a quick and seamless deal.
“OneVue came to us with a very clear idea of what they wanted, but it still required a lot of goodwill and cooperation between the respective executive teams and their advisers to get the transaction completed within the timeframe,” says Verdnik.
“McCullough Robertson, which represented Select in the transaction, did a fantastic job of coordinating all the vendors, some of whom were based overseas, and having them execute all the documents required.”
Partner at McCullough Robertson Adrian Smith echoed these sentiments, crediting the team for organising a large amount of vendors in such a small interval.
“McCullough Robertson has been pleased to assist SIPL in its acquisition by OneVue, and the Hall & Wilcox team was a pleasure to work with,” says Smith.
“We are confident that this deal will enable OneVue to more effectively deliver a broader range of client solutions.”
OneVue’s Retail Funds Under Management and Administration will increase by $300 millon, and Total funds under Supervision from Responsible Entities and Trustee Services will increase by $900 million as a result of the SIPL acquisition.
Author: Paris Faint