The Australian scheme of arrangement pickup will see US-based Aura seek an ASX listing
Thomson Geer has guided ASX lister Qoria Limited through a $3bn deal with US-based Aura Consolidated Group Inc. that will see Qoria merged with Aura.
Under the Australian scheme of arrangement transaction, Aura will take full ownership of Qoria. Qoria shareholders will receive equity in Aura via CHESS Depositary Interests. Subsequently, Aura will seek an ASX listing.
Qoria focuses on online safety and digital wellbeing for schools and families, while Aura provides AI-driven consumer and enterprise online security solutions. The merger expands both companies’ global distribution, cross-selling opportunities and operational scale.
“This is a genuinely transformational transaction that brings together two global leaders in digital safety at a time when online trust, protection and wellbeing have never been more important”, said Thomson Geer lead partner Hedley Roost.
Roost worked with partner Sanushka Seomangal, special counsel Cameron Bill, senior associates Pari Sawale and Rebecca Gilbert, associate Steven An, and lawyer James Ofosu-Asamoah. The team tackled all legal aspects of the deal and collaborated with management and advisers on the structure, regulatory approvals and transaction documentation.
Teams from Gibson Dunn, Macfarlanes and Uría Menéndez acted as US, UK and Spanish counsel, respectively, on the cross-border transaction. Azure Capital and Stifel offered corporate advisory support.
