Herbert Smith Freehills Kramer advises One Investment Management on proposed A$3.3 billion acquisition of Insignia Financial

Herbert Smith Freehills Kramer (HSF Kramer) has advised One Investment Management (OIM) on its proposed A$3.3 billion acquisition of leading wealth manager Insignia Financial by scheme of arrangement as part of a consortium including CC Capital. 

Insignia Financial was founded in 1846 and is a major player in the Australia financial services industry, providing a range of services spanning superannuation and pensions, asset management, portfolio administration through its investment platforms and expert financial advice.  

OIM is a global alternative investment manager with offices in Abu Dhabi, London, New York and Tokyo. It invests across the capital structure, in a range of asset classes, industries, and geographies. 

The HSF Kramer team was led by partner Clayton James, along with senior associates Mia Beagley, Mark Simkiss and Taseen Rafi, who advised on the corporate aspects. 

Partner Andrew Bradley advised on the financial services regulatory aspects, with partner Martin MacDonald advising on financing arrangements.

Partners James Pettigrew and Ryan Leslie advised on tax aspects.  

Partner Clayton James said, “It was great to work with the OIM team and assist them with this landmark transaction. We are excited to see the growth of a historical Australian business under the stewardship of OIM and its consortium partners.”

This deal is the latest example of HSF Kramer’s market-leading work in Australian public M&A and private equity.

Other recent examples of our work in private equity include the firm advising:

• Riverside on its acquisition of Dingo Software
• The Carlyle Group on its acquisition of Waste Services Group from Livingbridge via a competitive auction process
• Adamantem Capital on its acquisition of Mason Stevens by way of scheme of arrangement
• Pacific Equity Partners on its acquisition of Serenitas
• Madison Dearborn Partners’ and HPS Investment Partners’ portfolio company, The Ardonagh Group, on its acquisition of PSC Insurance Group Limited
• EQT and its portfolio company, Icon Group, on its acquisition of the Pharmaxo Group

Other recent examples of our work in public M&A include the firm advising:

• Chemist Warehouse on its AU$34 billion merger with Sigma Healthcare
• Dropsuite on its acquisition by NinjaOne
• MA Financial on its acquisition of specialist real estate investment manager IP Generation
• Ki Corp on its A$1.9 billion joint approach with Public Storage for the acquisition of Abacus Storage King
• Santos on its AU$30 billion proposed acquisition by a consortium led by XRG, ADQ and The Caryle Group by way of a scheme of arrangement