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Macpherson Kelley acted for the owner of the Stillwell Motor Group in the sale of 100% of the shares in B S Stillwell Motor Group Pty Ltd to ASX listed Autosports Group Limited.

Stillwell, a household name in the Australian automotive industry and long-time client of Macpherson Kelley, has operated many dealerships in Melbourne for the past 75 years including, most recently, BMW, BMW Motorrad, MINI, Volvo, MG and Ducati branded dealerships. In a deal worth over $50 million—Autosports Group acquired the business through its wholly-owned subsidiary, ASG Investment Holdings Pty Ltd, with the deal completed­­ on 1 October 2024.

With Principal Lawyer Terry Kokkinos at the helm, the deal was supported by Special Counsel, Meileng Tam along with Lawyers, Setareh Aminian and Sarah Fak. This transaction adds to the firm’s already impressive track record in the automotive sector, in which the team has handled numerous high-profile dealership buy-sells over the years.

“It was an absolute privilege to work alongside the Stillwell team in this momentous deal for their family-owned business,” said Terry Kokkinos.

“When Autosports Group set their sights on such an iconic brand, we were able to draw on our industry expertise and the knowledge acquired throughout our long-standing relationship to ensure the smooth execution of the deal. Having personally worked alongside the Stillwell team for over 20 years, it was extremely rewarding to have played a part in the sale,” he said.

“It is an exciting time for the industry. I wish ASG every success and look forward to seeing where they take the group.”

The information contained in this article is general in nature and cannot be relied on as legal advice nor does it create an engagement. Please contact one of our lawyers listed above for advice about your specific situation.