Hamilton Locke is pleased to have advised the Turner Collective (a consortium associated with the Turner Family) on its acquisition of Flight Centre Travel Group’s (ASX: FLT) shareholding in Pedal Group. The transaction values Flight Centre Travel Group’s circa 47% interest in Pedal Group at $61.7 million.
Pedal Group is Australia’s largest bicycle company and consists of the 99 Bikes retail chain and wholesaler Advance Traders Australia.
The Hamilton Locke team was led by Partner Benny Sham, with support from Partner Alistair Newton, Lawyers Ramin Beigi and Jasper Wong and Graduate Emilia Palka.
