Mallesons Stephen Jaques, a leading law firm in the Asia Pacific region, has acted on behalf of Merlin Entertainments Group, the world’s second largest visitor attraction operator, on its takeover bid for Living and Leisure Australia Group (LLA).
Merlin Entertainments Group has offered 5.14 cents cash per LLA stapled security, valuing the company at approximately A$140 million on an equity value basis. LLA, in which James Packer’s Artic Capital holds 48.86% of the securities, owns and operates nine leisure attractions, including Melbourne Aquarium and Falls Creek ski resort, in the Asia Pacific region.
The Mallesons team was led by Sydney M&A partners Ros Anderson, Lee Horan and Brian Murphy.
Mallesons previously advised the Merlin Entertainments Group on its acquisition of a number of aquarium and attractions businesses, including Sydney Aquarium and Hamilton Island Wildlife Park, from Village Roadshow Limited in 2010.
Ros Anderson said “we are pleased to support the strategic growth of our longstanding client in the Asia Pacific region by expanding its portfolio of iconic and exciting leisure attractions.”
Merlin Entertainments Group is also being advised by J.P. Morgan.
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