Thomson Geer advise Staging Connections on Scheme Implementation Agreement

17 July 2015


In July 2015, our Sydney Corporate team advised Staging Connections Group Limited (SCGL) on the proposal by US-based event technology services company PSAV to acquire 100% of SCGL by way of a scheme of arrangement, at a bid consideration of $52 million. Following the announcement of the PSAV deal, Freeman Audiovisual Inc, a substantial US based “leading global partner for integrated experiential marketing solutions”  made an unsolicited competing and better offer for Staging for $58 million (up to a maximum of $59 million).  After some complex manoeuvring in a highly regulated environment, statutorily and contractually, between the two offers we successfully signed a fresh Scheme Implementation Agreement with Freemans at the higher price – the clients were delighted with the outcome.

SCGL is a leading Australian-based audiovisual and event specialist company, which has a presence in Australia, Singapore, China, Fiji, and New Zealand.