Herbert Smith Freehills has advised Bank of Queensland Limited (BOQ) on the acquisition of Virgin Money Australia from the Virgin Group. The deal included an agreement with the Virgin Group for the exclusive use of the Virgin Money brand in Australia for up to 40 years.
The Herbert Smith Freehills team was led by Partner Tony Damian along with Head of Banking Regulatory Team Tony Coburn and Senior Associates Amalia Stone, Henrietta Thomas and Michelle O’Connor, with support from solicitor Alexandra Eggerking.
The Herbert Smith Freehills team worked closely with the Group General Counsel of BOQ, Brad Edwards, as well as Stacey Hester, Head of Group Legal, and Christine Van Den Heuvel, Senior Legal Counsel.
BOQ CEO Stuart Grimshaw said: ‘Our ownership of Virgin Money Australia allows us to expand our distribution footprint through a globally recognised brand and a business with proven capability in online customer acquisition and product distribution.’
Herbert Smith Freehills partner Tony Damian said: ‘We are delighted to have been able to assist BOQ with this important acquisition.’
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