King & Wood Mallesons (KWM) is advising Affinity Private Equity Partners (Affinity) on its public to private acquisition of ASX listed Scottish Pacific Group. The transaction is valued at approximately $630 million.
Scottish Pacific is Australia and New Zealand's largest specialist non-bank provider of working capital solutions with a comprehensive range of debtor finance and trade finance facilities.
The KWM deal team was led by Private Equity Partners Mark McNamara, Lee Horan and Alex Elser supported by Senior Associate Anthony Boogert and solicitor Claire Achermann.
Banking and Finance Partners Paul Smith, Yuen-Yee Cho and Kate Jackson-Maynes along with Senior Associates Daniel Bragg and Daniel Flanagan and Solicitor Daniel Taha also provided support on the deal.
Commenting on the transaction Mark McNamara said: "We are delighted to be advising our long standing client Affinity on this strategic transaction. The Australian non-bank lending sector is an important and growing part of the Australian financial services landscape. As a firm, we understand the sector extremely well and have been able to leverage all of our knowledge and experience to advise Affinity on this transaction."
Also commenting on the transaction Lee Horan said: "We are proud to once again have been Affinity's trusted legal advisors for their latest investment in Australia and look forward to continuing to help Affinity and its portfolio investments reach their strategic targets and grow."
This transaction continues a run of recent transactions for the KWM Private Equity team in the non-bank lending sector, including KKR Credit's public to private acquisition of Pepper Financial Services Group and acting for La Trobe Financial on its recent acquisition by Blackstone.
