IFLR1000

Link Group / CBA / Morgan Stanley A$1.6 billion acquisition of Property Exchange Australia

16/1/2019
Public acquisition
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A$ 1.6 billion

Announced

16/1/2019

Overview:

E-conveyancing operator, Property Exchange Australia, underwent a dual-track IPO/trade sale process that resulted in its A$1.6 billion sale to a consortium of Link Group, Commonwealth Bank of Australia and Morgan Stanley Infrastructure Partners.

Adam Majeed - Asia editor 

Jurisdiction:

Australia

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Technology and telecommunications
Real estate

Firms:
Allen & Overy

Party: Property Exchange Australia (Target)

Lawyers: Peter McDonald, Tony Sparks

Gilbert + Tobin

Party: The Government of New South Wales (Seller)

Herbert Smith Freehills

Party: Commonwealth Bank of Australia (Acquirer)

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