Mallesons Stephen Jaques has advised Super Retail Group in relation to its recently announced $610 million acquisition of Rebel Group Limited (the owner of the Rebel Sport and A-Mart All Sports) from private equity group, Archer Capital.
Mallesons also advised Super Retail in relation to its $334 million pro-rata accelerated renounceable tradeable entitlement offer (PAITREO), the proceeds of which will be used to partially fund the acquisition.
The Mallesons’ team was led by Brisbane M&A partner, John Humphrey, together with Meredith Paynter, Scott Heezen and Philip Ward of the firm’s Sydney office. Teams from both offices worked closely on the acquisition and equity raising aspects of the deal, including Senior Associates Rhys Casey, Chris Taylor and Jonathan Grant, who were supported by a team of lawyers in both centres.
Commenting on the deal, Humphrey said:
“It was a pleasure to again work with the Super Retail team on this important strategic acquisition, which will see Super Retail continue as one of Australia’s leading retailers as it expands into the sporting goods sector. It was a demanding job requiring a significant team effort to pull the different elements of the deal together in the short deal timeframe. Andrew Pike at Freehills acted for Archer Capital on the acquisition and Stuart Byrne at Clayton Utz acted for Macquarie and RBS the joint underwriters.”
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