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Kogan expands NZ presence with $122m acquisition

Corporate and M&A
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Arnold Bloch Leibler (ABL) has advised Kogan.com (Kogan) on its $122.4 million acquisition of leading New Zealand online retailer Mighty Ape Limited.

The ABL team advising Kogan included partner Jeremy Leibler, lawyer Simone Gould and law graduate Chooi-An Khoo.

As referenced in Kogan’s ASX announcement, the combination of the two market leaders enables Mighty Ape to build on its strong customer offering and provides the infrastructure to further scale its operations. Mighty Ape has more than 690,000 unique customers and over 895,000 subscribers.

In the announcement, Kogan COO and CFO David Shafer said: “We will be drawing on Mighty Ape’s deep experience in gaming, toys, other entertainment product categories and the New Zealand market, and combining this experience with Kogan.com’s sourcing, technology, systems, infrastructure, and marketplace capabilities, to further enhance the group’s already market-leading offering across the Tasman.”

ABL Partner Jeremy Leibler congratulated Kogan management on the acquisition: “We were excited to be involved in this latest, strategically important acquisition for our client. Kogan is a great example of a thriving business in the new retail sector.”

Kogan founder Ruslan Kogan recently joined Zip Co’s Larry Diamond and MECCA’s Jo Horgan on an ABL hosted retail webinar. Click here to read more.

About Arnold Bloch Leibler

Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.

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