Skadden is advising private investment firm CC Capital on its and One Investment Management’s (OneIM’s) scheme implementation deed (SID) with Insignia Financial Ltd, an Australia-based diversified wealth management group. Under the SID, CC Capital and OneIM will acquire 100% of Insignia for A$4.80 in cash per share via a scheme of arrangement, representing an enterprise value of approximately A$3.9 billion (US$2.5 billion) and a 56.9% premium to Insignia’s undisturbed share price of A$3.06 per share on December 11, 2024. Todd Freed and Patrick Lewis are leading the Skadden team.
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates