Global law firm Norton Rose Fulbright has advised NRMA on its substantial acquisition of the ATPM Group, one of Australia’s leading specialist tourist park managers.
Upon completion, NRMA will have one of Australia’s largest number of portfolio of parks under ownership and management, enabling the NRMA to even further improve its high-quality management services alongside an increased national footprint of owned parks.
The acquisition will significantly enhance the NRMA’s already considerable investment portfolio in Australian tourism and travel, which includes Travelodge Hotels and Thrifty Car Rental.
ATPM has been a leader in the management and ownership of Holiday Parks around Australia for over 20 years and it currently successfully manages 34 local government and council caravan parks in Australia, including NRMA’s portfolio of four award-winning holiday parks at the Gold Coast, Darlington Beach, Merimbula and Umina and its three franchise parks at Murramarang, Myall Shores and Sydney Lakeside on the Northern Beaches.
Norton Rose Fulbright advised on all legal aspects of the transaction, including its negotiation (alongside Credit Suisse as corporate advisers) and the legal due diligence.
Norton Rose Fulbright partner Ben Smits, who led the deal for NRMA, commented:
“We are delighted to assist NRMA on this transformative acquisition in this growth market. This new scale will allow NRMA to deliver an even richer and sustainable holiday experience for guests across its portfolio.”
Ben was assisted by a dedicated team spanning several legal disciples including Vianna Shing (corporate) and partners Nuncio D’Angelo (banking and finance), Peter Trevaskis (real estate), Sally Woodward (employment and labour), Jacques Jacobs (insurance) and Felicity Rourke (environment and planning).
For further information please contact:
Alex Boxsell, Senior Brand & External Communications Manager, Norton Rose Fulbright in Australia
Tel: +61 (0)2 9330 8165 Mob: +61 (0)414 985 556
Notes for editors:
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