McPherson’s Limited transfer a majority interest in its housewares business to European Quality Housewares

3 November 2014

News

Thomson Geer has acted for McPherson’s Limited on the transfer of a 51% interest in its international housewares business (valued at approximately $38 million)  to European Quality Housewares Limited (EQH), an entity associated with the Fackelmann Group (the German global manufacturer and distributor of housewares).

The transaction involved the establishment of two new entities in Australia, one in Hong Kong and one in Singapore, the acquisition by EQH of 51% of the issued shares in each of those entities, a transfer of business assets in each jurisdiction and the establishment of shareholders agreements in each jurisdiction for the ongoing governance of each entity.

Our team managed the transaction from start to finish on a tight timetable, ensuring that a seamless simultaneous exchange and completion occurred.