HWL Ebsworth has advised the shareholders of The Décor Corporation on its sale to Marlin Home. The transaction completed on 10 February 2017 for an undisclosed sum.
Décor, a privately held company based in Melbourne, has an internationally recognised brand name in household goods, particularly kitchen containers. Décor was established in Melbourne in 1958 and about 80 per cent of the products are designed and manufactured in Australia, which will continue after the sale. Décor’s trade partner coverage expands across many retail channels which include grocery, discount department stores, hardware, speciality stores and garden centres.
Marlin Home is a division of the Coast2Coast Capital group, based in South Africa. The deal is the second major acquisition for Marlin Home after acquiring homewares wholesaler, Albi, in 2016.
The HWL Ebsworth team was led by Sam Dwyer (Corporate Partner, Melbourne) and Paul Lewis (Special Counsel, Melbourne).
Peter Kay (Banking Partner, Melbourne), David Marriott (Property Partner, Melbourne), Teresa Torcasio (Commercial Partner, Melbourne) and Ari Schachna (Tax Partner, Melbourne) assisted with specific elements of the transaction.
Sam Dwyer commented: "We enjoyed being able to assist our clients in selling this iconic brand. This significant transaction is a great result for both parties and will see an on-going business relationship between the two."
This transaction shows continued momentum for M&A at HWL Ebsworth following a high level of deal activity in 2016. The firm finished 2016 with the 2nd highest number of completed M&A deals in the Australian market, as confirmed by Thomson Reuters league tables, and continues to increase market share in this space.
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 1,031 staff including: 208 Partners, 502 other legal staff and 321 support staff across offices in ten locations – Adelaide, Alice Springs, 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.
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