Acquisition of 19.9% stake in Athena
Financial adviser to REA in relation to its acquisition of a 19.9% stake in Athena Home Loans
Client: REA Group
Value: A$62m
Date: September 2024
Transfer of banking business to Bank Australia
Flagstaff Partners is acting as financial adviser to Australian Unity Limited on its subsidiary, Australian Unity Bank (“AUBL”), transferring its banking operations to Bank Australia. The transfer includes AUBL’s 25,000 customers, $1.4bn in loans and credit and $1.6bn in deposits.
Client: Australian Unity Limited
Value: A$1.4bn in loans and credit, A$1.6bn in deposits
Date: November 2024
Sale of B&J City Kitchen and Beak & Johnston New Zealand
Adviser to Beak & Johnston on the sale of B&J City Kitchen and Beak & Johnston New Zealand to Woolworths
Client: Beak & Johnston
Value: Terms are undisclosed
Date: Status pending
Divestment of AMP Advice
Financial adviser to AMP Limited in relation to the sale of its Advice business to Entireti and AZ NGA
Client: AMP Limited
Value: A$92.4m
Date: August 2024
Investment Management Externalisation and Sale of Three Investment Boutique Stakes
Flagstaff Partners is acting as financial adviser to Pacific Current Group on its externalisation of investment management to GQG Partners Inc (“GQG”) and the simultaneous sale of its holdings in Proterra Investment Partners, Cordillera Investment Partners and Avante Capital to GQG for US$71m
Client: Pacific Current Group
Value: US$71m
Date: March 2024
South32’s sale of Illawarra Metallurgical Coal
Flagstaff Partners acted as independent financial adviser to the Board of South32 in relation to the sale of Illawarra Metallurgical Coal
Client: South32 Ltd
Value: US$1.65bn
Date: March 2024
Sale of OneVue Platform Business
Financial adviser to Iress in relation to the sale of its OneVue Platform business
Client: Iress
Date: Feb 2024 (announced)
Acquisition of Ventura Bus Lines
Financial adviser to Keppel Infrastructure Trust in relation to its acquisition of Ventura Bus Lines
Client: Keppel Infrastructure Trust
Value: A$600m
Date: February 2024 (announced)
Acquisition of DAOU Vineyards
Independent financial adviser to Treasury Wine Estates in relation to its acquisition of DAOU Vineyards and the associated equity raising
Client: Treasury Wine Estates
Value: US$900m
Date: October 2023
Acquisition of Frank Family Vineyards
Independent adviser to the Board of Treasury Wine Estates on its acquisition of Frank Family Vineyards
Client: Treasury Wine Estates
Date: 2021
