04.10.2023  Walter Baden advises RSK on acquisition of a majority stake in Adenco

AFA acquires All Risk Protection

Walter Baden has acted for accident & health underwriter AFA Insurance on its acquisition of Sydney-based insurance broker, All Risk Protection. The team of Steven Humphries, Kien Ng and Laura Mullen assisted AFA with due diligence and documentation of the deal, which was transacted by way of acquisition of business assets. Walter Baden previously assisted AFA with a series of finance and capital management projects, most recently a selective buy-back of minority shareholdings.

Walter Baden advises ShawKwei & Partners on the acquisition of Rauxel

Walter Baden congratulates ShawKwei & Partners on the acquisition of all the shares in Rauxel, a leading Australian beauty and healthcare company specialising in the formulation and manufacture of beauty and healthcare products.  Rauxel now forms part of ShawKwei & Partners’ existing portfolio company, ICONS Beauty Group, a cosmetic and beauty group delivering innovative and sustainable product solutions to its customers. ShawKwei & Partners is a private equity group with offices in Hong Kong, Singapore, Shanghai and San Francisco and investments across Asia, Europe, the USA and now Australia. The Walter Baden team of Steven Humphries and Kien Ng led legal due diligence, deal negotiation and closing.

Walter Baden advises RSK on acquisition of Western Project Services

Walter Baden congratulates RSK Environment Australia on its acquisition of all the shares in Western Project Services.

RSK Environment Australia is the Australian holding company for RSK Group Limited, a leading UK-based environmental and engineering services group, and this acquisition represents RSK Group Limited’s second Australian acquisition. Walter Baden is delighted to have assisted with legal due diligence and deal execution on both projects.

The Walter Baden team on the project included Steven Humphries, Kaj Scholte and Georgie French.

Walter Baden advises DGTek on acquisition of Internet business

Walter Baden is pleased to have advised Australian telecommunications infrastructure carrier DGTek on its agreement to acquire the consumer residential Internet business of Spirit Technology Solutions Limited (ASX:STI) for $5.1M.

The Walter Baden team on the project included Steven Humphries, Kien Ng and Georgie French. This is our second project for DGTek in 2021, having earlier acted on the acquisition of FG Telecom’s high-speed Internet and enterprise solutions business .

Walter Baden advises on sale of MB Prestige

Walter Baden congratulates the owners of MB Prestige Holdings Pty Ltd (MB), an independent prestige motor vehicle underwriting agency, on the sale of their interest in that company to ATC Insurance Solutions Pty Ltd. In addition to providing an opportunity for UK private equity investor B.P. Marsh  & Partners Plc to consolidate its interests in both entities and for some of MB’s longstanding management shareholders to exit, the transaction creates one of Australia’s largest independent underwriting agencies. MB’s Managing Director, Daniel McNamara, continues in his role post-merger.

ATC agreed to acquire MB for $17 million, with consideration being paid in a combination of cash and equity.

The Walter Baden team, led by Steven Humphries, advised MB owners on all aspects of the sale.

Walter Baden advises UK group Paced Ltd (now Think Better Group Ltd) on three Australian acquisitions – Ecoriginals, Project Blank and Stockshare

Walter Baden is pleased to have advised Paced Ltd (now Think Better Group Ltd), a UK company operating globally in the consumer brands sector with a focus on delivering environmental sustainability. Walter Baden led legal due diligence and deal execution on behalf of Think Better Group to acquire all of the shares in three Australian companies:

  • Ecoriginals, an eco-friendly nappy business
  • Project Blank, a sustainable wetsuit and outdoor lifestyle goods business, and
  • Stockshare, a digital inventory platform business.