Allens Arthur Robinson (Allens) is advising Japanese-based Nikko Asset Management Co., Ltd. (Nikko AM) on its purchase of Tyndall Investments in Australia and New Zealand, from the Suncorp-Metway Group for A$80 million.
The acquisition of Tyndall, an investment manager with about A$25 billion of funds under management, is Nikko AM’s first investment in the Australian asset management market and reflects the company’s strategy for expansion across Asia.
Partner Alex Ding, who led the Allens team, said the transaction will forge a partnership between Tyndall and Nikko AM that will provide the companies’ clients with access to enhanced investment opportunities.
He said the Allens team, which included an experienced team of lawyers spanning several practice groups, relished the opportunity to work with one of Japan’s leading asset management companies, which has US$120 billion of assets under management.
‘It was a great pleasure for us to work with experienced and high calibre professionals from Nikko Asset Management,’ Mr Ding said.
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