Deal Profile | Gadens advises DKSH Smollan on acquisition of CROSSMARK Australia
13 March 2020
Gadens has advised DKSH Smollan on its acquisition of
CROSSMARK, Australia’s leading field marketing provider. DKSH Smollan has
acquired the Australian entity of CROSSMARK with DKSH acquiring separately the CROSSMARK
New Zealand entity.
DKSH Smollan, a joint venture between Swiss-listed DKSH (the leading market expansion services provider in Asia) and Smollan (a global retail solutions company), which has been active in the Asia Pacific since 2009, assists manufacturers and retailers with their growth in markets throughout that region with a focus on the healthcare, consumer goods, performance materials and technology industries. The acquisition of CROSSMARK adds approximately 1,500 employees to the DKSH Smollan business and substantially strengthens its position as the leading retail solutions provider in Asia.
Gadens was engaged by DKSH Smollan to advise on all the
legal aspects of this transaction and worked closely with the DKSH Smollan team
to ensure its successful completion.
Commenting on the transaction, Edward Nixey said: “It has been a pleasure to work with the DKSH
Smollan team on an acquisition that makes the joint venture the leading retail
solutions provider in Asia. With the acquisition of Crossmark Australia, there
are exciting times ahead for the group and their Australian based clients.“
involved: Corporate Advisory and Banking & Finance
Key team members: The
team was led by partner Edward Nixey with special counsel Breanna Davies and
associate Kevin McVeigh (in the Corporate Advisory Team), along with partner
Renae Suttor and lawyer Clive Robért (in the Banking & Finance Team).
Matter significance: The
acquisition of CROSSMARK strengthens DKSH Smollan’s existing offering in
Australia by establishing further scale, service offering and local expertise,
and substantially adds value for its clients and customers.