31 Jan 2014

Clayton Utz congratulates Greencross Limited and Mammoth Pet on their A$750 million merger

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.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.