Media Release | 27 May 2020
Hall & Wilcox acts for Pacific Infrastructure Partners in its acquisition of Sargon Capital Assets
Leading independent business law firm Hall & Wilcox was engaged by Quinn Emanuel and Clifford Chance to advise Pacific Infrastructure Partners in its acquisition of key operating entities and assets of the Sargon Capital group of companies.
The Hall & Wilcox team conducted due diligence on the three superannuation licensees, CCSL Limited, Diversa Trustees Limited and Tidswell Financial Services Limited. The firm also acted as superannuation advisors to Quinn Emanuel, working with Pacific Infrastructure Partners to gain approval from the Australian Prudential Regulation Authority (APRA) for the change of control of the registrable superannuation entity (RSE) licensees.
The deal team comprised Superannuation Partners Heather Gray and Adrian Verdnik and lawyers Grace Mitsioulis, Charlie Renney and Greg Patton. The transaction was expedited, with a number of legal advisers working collaboratively to preserve regulatory licences.
Pacific Infrastructure Partners is a new entity formed for the purpose of investing in technology-enabled financial services. Its shareholders include Cloverhill Group LLC, Kibble Holdings LLC (including KH Investment Trust), and Vista Credit Partners (VCP), who also provided financing for the transaction. VCP is a strategic credit investor and financing partner offering a variety of capital solutions to the enterprise software, data and technology market. VCP is the credit-lending arm of Vista Equity Partners, a leading global technology investor.
Hall & Wilcox has partnered with, and provides legal services to, clients in the Financial Services industry for more than 100 years. The firm has developed significant practices located across Australia focused banking and finance, funds, insurance and superannuation The Hall & Wilcox Superannuation team advises on both private and public offer superannuation. The team has the knowledge and experience to advise on all aspects of superannuation law, including fund operation, compliance and regulation, fund mergers, investments, self-managed superannuation funds, professional trustees, defined benefit funds, and governance.
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