Herbert Smith Freehills is advising Catalyst Investment Managers and the founder and management shareholders of EziBuy in connection with the sale of the EziBuy Group to Woolworths, EziBuy is a leading multi-channel retailer of apparel and home décor in Australia and New Zealand.
A sale agreement has been executed, pursuant to which entities owned by Woolworths will purchase 100% of EziBuy in a deal valued at NZ$350 million.
The Herbert Smith Freehills team is being led by partners Nick Wormald and Peter Dunne, who are supported by senior associates Ben Landau and Alfonso Valenti, and solicitors Ben Richards and Rebecca Keevers.
“We have recently seen a rebound in market sentiment and there is a feeling that confidence is now returning to the M&A market,” said Dunne. “Herbert Smith Freehills is delighted to be acting for Catalyst and the EziBuy shareholders on this transformative transaction.”
Herbert Smith Freehills has also recently advised Careers Australia Group on its response to the current takeover bids by Cirrus Business Investments and Crescent BidCo Pty Limited; China Resources Power Holdings on its proposed merger with China Resources Gas Group by way of privatisation; NSW Ports Consortium on its successful bid for Port of Botany and Port Kembla; China National Petroleum Corporation on its US$4.21 billion acquisition of a 20% indirect participating interest in a major gas field from Eni SpA; and TPG International LLC on its acquisition of Ingham Group.
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