Australian law firm Gilbert + Tobin has advised Japan’s Mitsubishi UFJ Financial Group on its A$2.1 billion ($1.4 billion) acquisition of Australian pension administration firm Link Administration, which was represented by Herbert Smith Freehills.
According to Reuters, the deal is further evidence that Japan's largest banking group boosts its fund administrator business. It added that this is Mitsubishi UFJ's seventh acquisition in the fund administration industry in the decade, with past deals including UBS Asset Management's alternative fund services business in 2015.
The G+T team was led by partners Costas Condoleon and Karen Evans-Cullen, with assistance on the competition aspects provided by partner Tanya Macdonald, and due diligence support provided by partners Peter Reeves (financial services/AML) and Andrew Hii (IT/cyber and privacy).
The HSF team was led by partners Tony Damian and Nicole Pedler, and included partner Claire Thompson.
