Media Release | 13 July 2010

Hall & Wilcox advises DKN stakeholders in merger

Leading Melbourne law firm Hall & Wilcox have advised DKN Financial Group Limited (DKN)in the recent merger of the South Australian based business operations of Thornton Group (SA) Pty Ltd (Thornton) and Tulare Financial Planners Pty Ltd (Tulare). The Hall & Wilcox team, led by partner Harry New and supported by senior associate Adrian Lynch, facilitated a pre-merger share consolidation in Tulare which resulted in the exiting and restraint of a minority principal member and merging of Tulare (together with its two wholly owned subsidiaries) to become part of Thornton.

Consideration for the purchase was a combination of cash and scrip, requiring a variation to Thornton’s shareholder deed to accommodate the incoming Tulare shareholders to be joined as parties to Thornton’s shareholder agreement.

Hall & Wilcox partner Harry New commented on the deal, “The pre-merger share consolidation in Tulare provided the foundation for the merger of the two operations to proceed and produce a good outcome for all parties. Thornton now has an expanded service offering extending from their existing financial planning services to now include investment, self-managed superannuation and risk services.

“DKN provided great assistance to the team in bringing this transaction to fruition. It has been a pleasure working with them and in particular Rachael Dunne who worked tirelessly throughout.”

The Hall & Wilcox Financial Services team is made up of commercial lawyers who are adept at managing a broad range of financial services business transactions, particularly those requiring a sophisticated understanding of complex commercial and regulatory issues.

Contact

Oliver Jankowsky

Partner & Head of International Practice

Ed Paton

Partner & Head of SE Asia Practice

Eugene Chen

Partner & Head of China Practice

Melanie Smith

Director - Business Development, Marketing and Communications

Natalie Bannister

Partner & Commercial National Practice Leader

Rhett Slocombe

Partner & Insurance National Practice Leader

Katie McKenzie

DIRECTOR - PEOPLE & CULTURE

James Bull

Special Counsel and Head of Frank

Melanie James

People & Culture Manager

Jacqui Barrett

Partner & Head of US Practice

Paul O’Donnell

Consultant & Head of Energy

Christopher Brown

Partner & Head of UK Practice

Lauren Parrant

Senior People & Culture Advisor, as at 1 July 2022

Melinda Woledge

Marketing & Communications Manager

Jasmine Koh

Senior Associate and Head of Frank

Alison Choy Flannigan

Partner & Leader, Health & Community

Billie Kerkez

Manager – Smarter Recovery Solutions

Peter Jones

Senior Commercial Counsel

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