MinterEllison advises Linfox Armaguard Prosegur Merger

Leading law firm MinterEllison has advised Linfox Armaguard on its merger with Prosegur Australia, securing both ACCC and FIRB approvals in the process.

Linfox Armaguard and Prosegur Australia are the two largest cash transporters for banks and ATMs. The merger combines their strengths in cash-in-transit, cash processing, technical services and ATM networks. Even as their trends to be a decline in cash usage, the merger streamlines operations, consolidates infrastructure, optimises truck routes, and storage facilities. The move not only seeks to reduce overheads but also maintains cash as a safe, cost-effective payment option. With this merger, the combined operations capture 90% of the cash distribution market.

Post-merger, Armaguard is 65% owned by Linfox and 35% owned by Prosegur.

Finalised in early September, MinterEllison advised on all aspects of the transaction for Linfox Amaguard. This included securing from ACCC authorisation to pre-completion restructuring, due diligence, undertaking all transaction documentation and negotiations, and addressing workplace relations, tax and intellectual property components.
The transaction was led by M&A partner Matthew Hibbins and supported by Competition partners Katrina Groshinski and Paul Schoff.

Matthew Hibbins commented: “We are proud to have worked on this significant transaction, endorsed by the regulators. A merger that secures the future of reliable, sustainable access to cash in the Australian economy, and brings together the strengths and expertise of Linfox Armaguard and Prosegur to secure a smarter future for the businesses and the community.

Our collaboration with Linfox Armaguard’s expert team was instrumental in navigating the complexities of this transaction. The outcome is a testament to the collective expertise of all involved and demonstrates MinterEllison’s M&A and Regulatory expertise and knowledge.”

/Public Release.