Herbert Smith Freehills Advised Link Group On AUD 2.1 Billion Acquisition By Mitsubishi UFJ Trust And Banking

Herbert Smith Freehills Advised Link Group On AUD 2.1 Billion Acquisition By Mitsubishi UFJ Trust And Banking

Herbert Smith Freehills has advised Link Administration Holdings (Link Group) during its acquisition by Mitsubishi UFJ Trust and Banking (MUTB), a transaction valued at AUD 2.1 billion (USD 1.39 billion). The acquisition, completed through a scheme of arrangement, marks a significant development in the Australian M&A landscape and highlights the continued influence of Japanese investment in the region.

The advisory team from Herbert Smith Freehills was led by Partners Tony Damian, Nicole Pedler, and Claire Thompson.

“The deal demonstrates the continued strength of M&A activity in Australia as well as the important role of Japanese investment in our market,” said Tony Damian, emphasizing the strategic importance of the transaction.

UBS and Macquarie Capital served as financial advisers to Link Group, providing critical financial guidance throughout the acquisition process. The transaction, which officially concluded on 16 May 2024, received regulatory approvals from authorities across several jurisdictions, including Australia, the UK, Ireland, India, and Japan.

Link Group, known for its scalable, technology-enabled administration solutions, serves 5,800 clients worldwide, including prominent blue-chip corporations, pension funds, and financial institutions. With the completion of this acquisition, Link Group has been rebranded as MUFG Pension & Market Services Holdings.

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