Ashurst advised Allegro Funds and Best & Less Group Holdings Ltd on the matter.
A strategic investment of A$40 million was made by BB Retail Capital, a private investment firm founded and chaired by experienced retail entrepreneur Brett Blundy.
Best & Less is an Australian retailer of clothing and household linens.
The Ashurst team was led by partner Anton Harris (Picture), who was assisted by a core team drawn from a large number of practice areas, including partners Ben Landau and Rehana Box (Corporate Transactions), Vicki Aron (Real Estate), Rebecca Cope (Digital Economy), Anita Cade (IP/Media), Kenneth Tang (Global Loans), Ross Zaurrini (Competition) and Jennie Mansfield (Employment).
Involved fees earner: Vicki Aron – Ashurst; Rehana Box – Ashurst; Anita Cade – Ashurst; Rebecca Cope – Ashurst; Anton Harris – Ashurst; Ben Landau – Ashurst; Jennie Mansfield – Ashurst; Kenneth Tang – Ashurst; Ross Zaurrini – Ashurst;
Law Firms: Ashurst;