19 Feb Marshalls+Dent advises on the sale of Doncaster BMW
Marshalls+Dent advises on the sale of Doncaster BMW, Bundoora BMW, Bundoora Motorrad Doncaster, BMW Motorrad Bundoora, Doncaster Mini Garage, Alpina Australia, Alpina Victoria and Evolution Financial Services (Doncaster BMW Group)
Marshalls+Dent (M+D) has acted for the Doncaster BMW Group on the agreements for the sale of the Doncaster BMW and associated business to Autosports Group Limited (ASG).
M+D Senior Commercial Principal, Jeffrey Pinch and Senior Associate Josh Kaplan assisted by Corporate Advisor Josh Pinch advised the business owners on the transaction.
As reported in the media release by ASG, Doncaster BMW employs over 200 staff and had a revenue in excess of $230 million for the last financial year.
Jeffrey Pinch commented further on the transaction: “We are delighted to have advised on this transaction and congratulate Ingo Reisch and the team at Doncaster BMW. The transaction was complicated in its nature due to the underlying franchise framework that underpins transactions within the automotive industry. The industry is unique in many ways but it is pleasing to negotiate a transaction of this size and scale, having regard to the various franchises and properties involved.”
M+D is a prominent commercial law firm that provides strategic legal and commercial advice to high net worth individuals, a number of well known Australian corporations and large family businesses. For more information, contact Marshalls+Dent on 03 9670 5000.
View the media release here.