Corrs Chambers Westgarth, has advised Wesfarmers Limited on its A$230 million acquisition of online retailer Catch Group Holdings Limited
Wesfarmers is one of Australia’s largest listed companies and private sector employers, with around 105,000 employees in diverse business operations covering: home improvement and outdoor living; apparel and general merchandise; office supplies; and an industrials division with businesses in chemicals, energy and fertilisers, and industrial and safety products.
Catch Group is an established, profitable and cash-generative online retail business offering branded products on a first-party basis and a third-party online marketplace. The acquisition complements Wesfarmers’ existing businesses and is in line its focus of building and investing in its data and digital capabilities.
The Corrs team was led by Corporate Partners Russell Philip (Perth) and Justin Fox (Melbourne), with support from Phil Catania and Jurgen Bebber (Technology and Intellectual Property).
Given the diverse nature of Catch Group’s business, Corrs drew on the expertise and experience of a number of practice groups across Perth, Sydney and Melbourne offices, including: Partners Mark McCowan (Competition), Nathaniel Popelianski (Property), Paul Burns (Employment) and Jade Rowarth (Restructuring).
The sale remains subject to satisfaction of a number of conditions, including approval by the Australian Competition and Consumer Commission merger clearance, which is expected in the coming months.
Involved fees earner: Jurgen Bebber – Corrs Chambers Westgarth; Paul Burns – Corrs Chambers Westgarth; Philip Catania – Corrs Chambers Westgarth; Justin Fox – Corrs Chambers Westgarth; Mark McCowan – Corrs Chambers Westgarth; Russell Philip – Corrs Chambers Westgarth; Nathaniel Popelianski – Corrs Chambers Westgarth; Jade Rowarth – Corrs Chambers Westgarth;
Law Firms: Corrs Chambers Westgarth;
Clients: Wesfarmers Ltd.;