The Mergermarket M&A Awards recognise “creative advisory work on complex transactions” and Arnold Bloch Leibler has been shortlisted this year in the category of Financial Service M&A Legal Adviser of the Year.
The judges highlighted two deals that demonstrated the firm’s point of difference:
- Advising the majority securityholders of Australian B2B equipment rentals business, Onsite Rental Group, in the sale of Onsite Rental to Malaysia's Sime Darby Berhad for A$635 million. Acting for a group of non-natural holders with different interests and different objectives played to ABL’s strength in negotiating win-win outcomes by finding and advocating common ground.
- Acting for one of Australia’s leading private insurance distribution firms, Insurance Brands Australia, in relation to its sale to Steadfast Group for $301 million. The private insurance broking business was majority owned by PE, management shareholders and other minorities, requiring considerable strategic and logistical effort to achieve a clean exit.
The Onsite Rental Group transaction was led by corporate and M&A partner Scott Phillips with support from banking & finance partner Ben Mahoney, senior associate Cameron Sivwright, lawyer Sara Yacoub, and law graduate Ramon Callis
Other firms shortlisted in the category were Ashurst, Gilbert + Tobin, Herbert Smith Freehills and King & Wood Mallesons, with winners across the 15 categories to be announced at a gala dinner in Sydney on 25 October.