The deal involved a payout of more than $100m
Corrs Chambers Westgarth (Corrs) has advised mid-market buyout firm Next Capital on its acquisition of Compare Club, with the transaction completed at the end of last month.
According to Street Talk, Next Capital paid over $100m to secure Compare Club, a price comparison website and broking service helping consumers pick between insurers, mortgage providers and energy providers.
Corrs advised Next Capital on every legal aspect of the transaction, including expertise from the firm’s corporate, banking and finance, financial services, intellectual property, information technology, and employment practices.
The transaction isn’t the first time Corrs and Next Capital worked together, with the former having assisted the latter’s recent investments in Eptec and JUCY Car Rental. The Corrs team was led by partners Glen Sauer, John Mosley, Steven Rice, James North and Stephen Price.
“We are pleased to advise Next Capital on their latest investment from Next Capital Fund IV, after assisting with their recent Eptec and JUCY Car Rental investments,” Sauer said. “We look forward to working with Next Capital and the Compare Club team as the business grows and helps more Australians with their most important spending decisions.”