Ashurst assists Swyftx on $1.5bn merger deal with Superhero

The deal will create Australia's first "digital and traditional finance powerhouse"

Ashurst assists Swyftx on $1.5bn merger deal with Superhero

Ashurst has assisted Australian digital asset broker Swyftx in finalising a landmark merger deal with Sydney-based share-trading startup Superhero. 

The deal gives the combined entity an enterprise value of $1.5bn. According to Swyftx, the merger will create the country’s “first digital and traditional finance powerhouse,” allowing both companies to build a single platform that will allow users to track and manage cryptocurrencies, equities and superannuation.

“The merger represents a significant step for both businesses in terms of their evolution from disruptive tech players into a single, major financial institution that can grow across domestic and international market,” Swyftx co-founder Alex Harper said.

The merger will support 800,000 investors across New Zealand and Australia with offices in Brisbane, Sydney, London and Vancouver. The deal is expected to be completed in the early fiscal year 2023.

Partner Stuart Dullard led the Ashurst’s corporate team on the transaction. He was assisted by senior associate Tom McCann and associates Alex Cutting and Rebecca Karpin. Other team members who provided legal support were the following:

Financial services regulatory

  • Narelle Smythe (partner)
  • Corey McHattan (partner)
  • Nicky Thiyavutikan (senior associate)
  • Oliver Digby (senior associate)
  • Geena Davies (senior associate)
  • Jack Collins (associate)
  • Conor Tarpey (associate)

IP and media

  • Nina Fitzgerald (partner)
  • Ted Talas (senior associate)
  • Ben Parry (associate)


  • Jennie Mansfield (partner)
  • Mohamad Ardati (senior associate)


  • Ian Kellock (partner)
  • Bronwyn Kirkwood (counsel)

Global loans

  • Kenneth Tang (partner)

Recent articles & video

35 ascend in Lander & Rogers’ latest promotions cycle

Gilchrist Connell promotes financial lines specialist Tiarn Pauletto to principal

UK high court junks high-profile defamation case against former Tory MP

Clifford Chance penetrates global energy hub with Houston office

Homegrown star becomes Pragma Lawyers' youngest director

Administrative Appeals Tribunal welcomes new deputy presidents and 34 reappointments

Most Read Articles

It's 'the year of the raise' for the legal industry: Hays Salary Guide

Ashurst lures DLA Piper’s former global co-chair of tech transactions and strategic sourcing

Clayton Utz forensic tech director: Generative AI is beginning to understand the law itself

HSF advises Newcrest Mining on $26.2bn deal to create world's largest gold producer