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HWL Ebsworth advising Hong Kong Consortium led by Mason Group to acquire IVF provider Genea Limited by scheme of arrangement

HWL Ebsworth is advising the consortium led by Hong Kong listed Mason Group Holdings Limited, together with strategic investors, Aldworth Equity Management Limited, WeDoctor Holdings Limited (WeDoctor) on the proposed acquisition of 89.5% of Australia’s leading IVF provider, Genea Limited (Genea). Genea is Australia’s third-largest reproductive services provider. WeDoctor (which is backed by technology giant Tencent) is a major online healthcare solutions platform with 27 million regular users in China.

The team is led by Melbourne Corporate Partner Thomas Kim, and Senior Associate Marianna Parry.

The team has advised the Consortium on due diligence, scheme negotiations and structuring. It will now assist the Consortium in the next phase of the transaction, in seeking Court approval for the Scheme of Arrangement and Foreign Investment Review Board approval. The transaction is subject to agreement of Genea’s shareholders.

This is the second major transaction in Australia the firm is undertaking for Mason Group. In July last year, the Melbourne corporate  team led by Jeremy McCarthy, Yan Li Wang and Paul Lewis acted in the successful acquisition of a controlling stake in Blend and Pack Pty Ltd, an infant formula and nutritional products manufacturer, together with Wattle Health Australia Limited.

Mr. Joel Chang, Chief Operating Officer of Mason Group, said: “The Transaction marks another crucial step for the expansion of Mason Group’s footprint as Asia’s leading IVF medical platform. Following the successful merger of Reproductive Healthcare Limited and The Women’s Clinic in Hong Kong and the establishment of the Reproductive Healthcare Group, we believe that Genea will be a valuable addition to Mason’s medical service and biotechnology platform in catering for the growing demand for high quality IVF treatment by medical tourists from China. WeDoctor’s strong network and resources in China can help Genea grow and expand its fertility and IVF medical device and consumable businesses across the Asia Pacific, especially in China.”

Note to Editors:

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 1,240 staff including: 251 Partners, 633 other legal staff and 356 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Hobart, Melbourne, 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.

For further information, please contact:

Russell Mailler, National Marketing Manager (03) 8644 3569 or rmailler@hwle.com.au