Thomsons advise on landmark demerger, reverse takeover and new listing on ASX

5 April 2012


Sydney Corporate partner, David Zwi, with support from Helen Jin, Marc Wyld, Bernardo Wood and others in the Thomsons banking and finance and competition law teams have advised ASX listed McPherson’s on the demerger of its printing division (one of Australia’s biggest producers of novels) by way of distribution in specie to its shareholders.

The acquisition of the demerged entity was by way of reverse takeover of the Opus Group with a subsequent listing of the merged printing businesses on the ASX. McPherson’s shareholders will retain a 34% stake in the new entity.

The merged Opus Group, which will have a market capitalisation of between $80 and $100 million, is expected to focus on digital content management.