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Macpherson Kelley advises on multi-million-dollar buyout of newly named automotive brand “Autoleague”

19 September 2022 Senior Communications and Marketing Advisor Mika Charm e: mikasha.charm@mk.com.au d: 03 8615 9985 m: 0434 616 089
Read Time 2 mins reading time

Macpherson Kelley acted for the newly rebranded “Autoleague” group in its capital raise and management led AU$150 million buyout from the Japanese listed conglomerate, IDOM Inc. The deal structure and number of stakeholders involved in the transaction were quite novel within the automotive industry, with the acquisition led by a group of executives and dealer principals who acquired IDOM Inc.’s equity in the corporate group.

The Macpherson Kelley team was led by Principal Terry Kokkinos with key support from Special Counsel, Meileng Tam and Lawyers, Oscar Sach-Haber and Setareh Aminian.

Macpherson Kelley’s automotive team is certainly not new to the industry and has acted on well over a hundred dealership buy-sells over the years. The team relied on every bit of that experience together with their intimate understanding of the automotive industry and broader large-scale commercial transaction experience to support the buyer group in this deal.

Taking a collaborative approach, the team balanced the complex needs of multiple stakeholders and worked closely with all advisors involved in the deal to promptly and creatively resolve the obstacles and sticking points which invariably arise in transactions of this nature.

“It was a tremendous privilege to work alongside the management and investor teams in this significant milestone in the automotive group’s evolution,” said Principal Lawyer Terry Kokkinos.

“The transaction was uniquely structured to include not only investment from the key executives and dealer principals that have driven the recent success and growth of the group, but also from a select group of private investors who will add another level of diversity, knowledge and business experience,” he said.

The complex deal had a tight window in which to execute due diligence, capital raising, debt-funding, pre and post-completion restructuring, key contract negotiation, regulatory advice and numerous landlord and OEM approvals.

“I am very appreciative and grateful for the support provided by the Autoleague dealer principals, the team at Macpherson Kelley and the other advisors which included Sam Venn leading the BDO team as corporate advisor to the deal,” said Terry Kokkinos.

“I think the new brand reflects the enthusiasm and energy of the Autoleague team and their desire to build on the group’s recent success – I’m sure they’ll enjoy the ride,” he said.

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Macpherson Kelley advises on multi-million-dollar buyout of newly named automotive brand “Autoleague”

19 September 2022 Mika Charm e: mikasha.charm@mk.com.au d: 03 8615 9985 m: 0434 616 089

Macpherson Kelley acted for the newly rebranded “Autoleague” group in its capital raise and management led AU$150 million buyout from the Japanese listed conglomerate, IDOM Inc. The deal structure and number of stakeholders involved in the transaction were quite novel within the automotive industry, with the acquisition led by a group of executives and dealer principals who acquired IDOM Inc.’s equity in the corporate group.

The Macpherson Kelley team was led by Principal Terry Kokkinos with key support from Special Counsel, Meileng Tam and Lawyers, Oscar Sach-Haber and Setareh Aminian.

Macpherson Kelley’s automotive team is certainly not new to the industry and has acted on well over a hundred dealership buy-sells over the years. The team relied on every bit of that experience together with their intimate understanding of the automotive industry and broader large-scale commercial transaction experience to support the buyer group in this deal.

Taking a collaborative approach, the team balanced the complex needs of multiple stakeholders and worked closely with all advisors involved in the deal to promptly and creatively resolve the obstacles and sticking points which invariably arise in transactions of this nature.

“It was a tremendous privilege to work alongside the management and investor teams in this significant milestone in the automotive group’s evolution,” said Principal Lawyer Terry Kokkinos.

“The transaction was uniquely structured to include not only investment from the key executives and dealer principals that have driven the recent success and growth of the group, but also from a select group of private investors who will add another level of diversity, knowledge and business experience,” he said.

The complex deal had a tight window in which to execute due diligence, capital raising, debt-funding, pre and post-completion restructuring, key contract negotiation, regulatory advice and numerous landlord and OEM approvals.

“I am very appreciative and grateful for the support provided by the Autoleague dealer principals, the team at Macpherson Kelley and the other advisors which included Sam Venn leading the BDO team as corporate advisor to the deal,” said Terry Kokkinos.

“I think the new brand reflects the enthusiasm and energy of the Autoleague team and their desire to build on the group’s recent success – I’m sure they’ll enjoy the ride,” he said.