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7 November 20192 minute read

DLA Piper advises Washington H. Soul Pattinson on acquisition

Global law firm DLA Piper has advised diversified investment house Washington H. Soul Pattinson and Company Limited (WHSP) (ASX: SOL) on its acquisition of equity interests in various unit trusts managed by private investment company Argyle Capital Partners.

Argyle Capital Partners manages investments in Australian water rights, farmland and agribusiness enterprises. It has assets under management totalling approximately AUD900 million.

DLA Piper's team was led by Corporate partners Emma Kendall and David Ryan, with Finance and Projects partners Onno Bakker and Rhys Davies, senior associates Matthew Parkinson, Elliott Cheung, Kenny Mui, solicitors Amina Karcic and Lily Bleach, and foreign legal associates Katalin Legradi, Jonathan Higgs and Ditte Lundberg.

Emma Kendall said: "We are delighted to once again partner with our client Washington H. Soul Pattinson and Company and their Pitt Capital Partners team on this transaction, which sees them adding a significant portfolio of agricultural and water assets to their portfolio, with the associated diversification benefits. The Pitt Capital and Argyle partnership holds great potential for WHSP to access this traditionally tightly-held asset class."

WHSP is Australia’s second oldest listed company. It has a significant investment portfolio spanning a range of industries, including its traditional field of pharmaceuticals as well as property, building products, mining, equities, telecommunications and financial services.