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Herbert Smith Freehills advises Tassal on its proposed A$1.7 billion acquisition by Cooke Inc.

18 August 2022 | Australia, Asia-Pacific
Deals and cases


Herbert Smith Freehills is pleased to be advising Tassal Group Limited (Tassal) on all aspects of its proposed acquisition by Cooke Inc. (Cooke) by way of a scheme of arrangement (Scheme). The Scheme implies an enterprise value for Tassal of A$1.7 billion.

Tassal has entered into a scheme implementation deed with Cooke for the acquisition of all of the shares held by Tassal shareholders pursuant to a scheme of arrangement at $5.23 per Tassal share. It is expected that the scheme will be voted on at a meeting of Tassal’s shareholders in November 2022.

The Herbert Smith Freehills team is being led by partner Tony Damian and senior associate Amelia Morgan. The team also includes senior associate Jennifer Xue and solicitor Michael Kralic.

The Herbert Smith Freehills team is working closely with Tassal on the proposed transaction, including with Mark Ryan (Managing Director and Chief Executive Officer) and Simon Barrile (General Counsel and Company Secretary).

Herbert Smith Freehills partner Tony Damian said, “We are delighted to be advising Tassal on this important cross- border transaction. The proposed deal demonstrates the continued strength of M&A activity in the Australian market.”

Goldman Sachs is acting as financial adviser to Tassal.

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