King & Wood Mallesons has been advising the Expedia group in relation to its proposal to acquire 100% of the fully-diluted share capital of Wotif Group by scheme of arrangement
The scheme is subject to customary conditions precedent including Wotif Group shareholder approval and court approval.
If implemented, Wotif Group shareholders will receive cash consideration in an offer valued at approximately $703 million.
The King & Wood Mallesons team is being led by M&A partners David Friedlander and Jason Watts in Australia, and Philipp Girardet in Europe, supported by senior associate Amanda Isouard and solicitors Anna Chen and Jennifer Cheung.
The transaction has also drawn on practice groups across the firm.
The Wachtell team was led by M&A partner Andy Nussbaum and associate Lina Tetelbaum.
Watts says that if approved, the scheme will be “a significant” transaction in the Australian market.
UBS AG, Australia Branch is acting as financial adviser to Expedia group, while Goldman Sachs and Clayton Utz are advising Wotif Group. Gilbert + Tobin is advising the major shareholders.