Pinnacle Ethical Investment Holdings Limited’s takeover bid for Hunter Hall International Limited


Gilbert + Tobin has advised Pinnacle Ethical Investment Holdings Limited on its takeover bid for Hunter Hall International Limited

Pinnacle Investment Management Group (ASX: PNI) announced an intention on 23 January 2017 to make an off market takeover offer to acquire all of the shares in Hunter Hall (ASX: HHL) at a price of $1.50 per share payable in cash through its wholly owned subsidiary Pinnacle Ethical Investment Holdings Limited (Pinnacle). Pinnacle lodged its bidder’s statement with HHL, ASIC and ASX on 30 January 2017.

The Pinnacle offer represents a premium of 50% to the rival off-market takeover offer announced by Washington H. Soul Pattinson and Company Limited (ASX: SOL) on 30 December 2016.

PNI is an ASX listed multi-affiliate investment management firm which currently consists of seven investment affiliates that collectively have FUM of over A$23 billion in assets across a diverse range of asset classes.

The Gilbert + Tobin team was led by Corporate Advisory partners John Williamson-Noble (Picture) and Tim Gordon and lawyers Beth Jeffers, Lucy Hall and James Hunn.

Involved fees earner: John Williamson-Noble – Gilbert + Tobin; Tim Gordon – Gilbert + Tobin; Lucy Hall – Gilbert + Tobin; James Hunn – Gilbert + Tobin; Tim Gordon – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: Pinnacle Ethical Investment Holdings Limited;