Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised First Maven Pty Ltd (L1 Capital) on its proposed merger with Platinum Asset Management Ltd (Platinum).
The proposed merger involves a sale of L1 Capital to ASX listed firm, Platinum, in consideration for the issue of 74% of the shares in Platinum to the shareholders of L1 Capital.
Led by corporate partners Fadi Khoury and Shabarika Ajitkumar, and head of corporate Sandy Mak, Corrs advised on all aspects of the transaction, supported by a cross-disciplinary team of experts, including from the firm’s funds and financial services, tax, banking and finance, employment and competition practices.
Commenting on the matter Fadi Khoury said: “The size and reputation of the groups involved makes this a flagship transaction for the Australian funds management sector in 2025. The merger would create a combined investment platform of listed & unlisted equities and alternative investment strategies with total funds under management of approximately $16.5 billion.”
Sandy Mak and Shabarika Ajitkumar added: “The transaction demonstrates Corrs’ reputation as an Australian law firm of choice for complex transactions in the financial services sector.”