Thomson Geer has advised ASX-listed active investment company Hancock & Gore on its acquisition of another 40.3% stake in Mountcastle Pty Ltd, one of Australia's oldest and largest manufacturers, suppliers and wholesalers of garments, including corporate and school uniforms, hats, bags and other accessories.
The acquisition takes Hancock & Gore's holding in Mountacastle to 89.8%.
Thomson Geer's work included:
- Strategic advice and planning – advices on shareholder approval requirements, exclusivity, MTC acquisition funding and terms sheet negotiations
- ASX consultation – preparing ASX Chapter 11 consultation and liaising with ASX
- Documentation – drafting Share Sale and Purchase Agreement and ancillary sale documentation
Mountcastle has recently completed the 100% acquisitions of two key schoolwear industry participants (Argyle Schoolwear and Moorebank Uniforms & Embroidery) which add scale, new geographical reach and significant synergy opportunities particularly through Mountcastle’s vertically integrated supply chain.
The Thomson Geer team included Partner Eugene Fung and Senior Associate Thomas Gardner.