HWL Ebsworth has advised NGP Group on the sale of its automotive dealership businesses and associated dealership properties in ACT to Eagers Automotive Limited which completed on 2 September 2022. The value of the deal was over $200 million.
The dealership group comprises of a range of automotive marques including Toyota, Lexus, Subaru, Volvo, Mitsubishi, Volkswagen, Jeep and Ford, with locations in Belconnen, Fyshwick, Gungahlin and Phillip. These dealerships have an annual turnover of approximately $450 million.
The deal team was led by Maria Townsend (Partner), with the assistance of Robert Gibson (Partner) and George Marques (Partner). The team included Jock Lehman (Associate), Jennifer Bradley (Solicitor), Tom Kaldis (Solicitor), Charles Marques (Solicitor) and Peter Pertsoulis (Solicitor).
Note to Editors:
HWL Ebsworth is the largest legal partnership in Australia according to the most recent partnership surveys published by the Australian Financial Review.
The firm comprises 1,641 staff including 274 Partners, 994 other legal staff and 373 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Melbourne, Hobart, Norwest (North West Sydney), Perth and Sydney.
HWL Ebsworth is an independent, nationally integrated, full service commercial law firm, providing tailored and commercially oriented legal services.
HWL Ebsworth operates a different business model to the other leading national law practices, and this allows us to offer unrivalled value for money without compromising quality and service. Our low ratio of solicitors to partners ensures that our clients receive optimal access to partner resources for all matters.
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