Sydney, 31 January 2014: Clayton Utz has provided strategic legal advice and support to leading Australian veterinary group Greencross Limited ("Greencross") on its merger with Mammoth Pet Holdings Pty Ltd ("Mammoth"), which owns the Petbarn pet products and supply business. The transaction, which was signed on 14 November 2013, achieved successful completion today, creating a group with a market capitalisation of A$750 million.
Clayton Utz corporate partner Simon Truskett led the firm's transaction team, which included senior associates, Richard Knott and Anna Haynes.
Under the terms of the transaction, Greencross acquired 100% of Mammoth Pet Holdings, in exchange for issuing approximately 52.6 million shares to Mammoth shareholders. The merger has created Australasia’s largest integrated consumer facing pet care company, with 232 stores and veterinary clinics across Australia and New Zealand.