HWL Ebsworth acted for Tony White Group (TWG) on the purchase of business assets of Kloster Motor Group (KMG) from A.P. Eagers Limited in a deal which saw TWG acquire business and real property assets totalling $107 million. KMG operates dealerships across Newcastle, Cardiff and Maitland across three different dealership badges, which generate in total $420 million annually and employs 410 people.
The HWL Ebsworth team was led by Maria Townsend, Partner, Alex Beagley, Associate and Amy Campbell, Associate.
Maria Townsend commented:
“This is a significant transaction for the automotive industry, which will present exciting opportunities for the future of all parties involved. It has been a great experience and pleasure to help them achieve a great outcome.”
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HWL Ebsworth is the largest legal partnership in Australia according to the most recent partnership surveys published by The Australian and the Australian Financial Review and is the only commercial law firm with an office in every Australian State and Territory.
The firm comprises 1,353 staff including 259 Partners, 728 other legal staff and 366 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Melbourne, Hobart, Norwest (North West Sydney), Perth and Sydney.
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