DLA PIPER ADVISE ON QANTAS DEAL
15 Aug, 2011
DLA Piper advised wishlist shareholders on Qantas frequent flyer deal –
DLA Piper Australia has acted for the shareholders of Wishlist Holdings Limited, Australia’s largest provider of employee reward and gift card programs, in the sale of 100 per cent of the shares in Wishlist to Qantas Frequent Flyer Limited.
DLA Piper’s advice on the transaction involved representing and managing the interests of 37 individual sellers.
The DLA Piper team was led by Melbourne-based Corporate partner Mark Burger and senior associate Andrew Crean, with Corporate partners James Newnham and Dr Gerry Bean, special counsel Jonathan Ackerman, Litigation and Regulatory partner Stephen Sawer and consultant Peter Rashleigh and their teams.
Mark Burger says: “We’re delighted to have been able to assist the shareholders of Wishlist Holdings in the sale of shares to Qantas Frequent Flyer. It was a multifaceted deal, given the number of stakeholders involved, but has resulted in a positive outcome for both parties.”
The acquisition, for an undisclosed amount, will see Qantas Frequent Flyer take control of Wishlist Holdings, a company that manages 120 employee rewards programs for more than 85 clients, including ANZ, Optus and Telstra.