Scheme Completed
Brickworks and Washington H. Soul Pattinson and Company merger
A$14bn equity value
Announced 2 Jun 2025 · ASX: SOL · A$30.28 in scrip per share · 10% premium
Advisers
Washington H. Soul Pattinson and Company
Target
TopCo (newly established ASX-listed company)
Acquirer
Not disclosed
Other advisers
- Legal adviser
- Mallesons (as King & Wood Mallesons)
Team: David Friedlander, Judith Taylor, Robert Kelly, Dan Natale, Jaspreet Nagra, Ned Sutton, Jim Zovaro
- Target
- Washington H. Soul Pattinson and Company
- Acquirer
- TopCo (newly established ASX-listed company)
- Structure
- Scheme of arrangement
- Completed
- 24 Sep 2025
- Sector
- Listed investment vehicles
In the league tables
- M&A financial advisers, Calendar 2025 Citi #1 · Pitt Capital Partners #7
- M&A financial advisers, completed, Calendar 2025 Citi #4 · Pitt Capital Partners #4
- M&A legal advisers, Calendar 2025 Ashurst Perkins Coie #1 · Mallesons #6
- M&A legal advisers, completed, Calendar 2025 Ashurst Perkins Coie #2 · Mallesons #5
- Independent experts, Calendar 2025 Kroll #2 · Lonergan Edwards & Associates #3
Similar deals
- Freedom acquisition of Strata Investment Holdings Jun 2026 · A$27.1m · Listed investment vehicles
- Australian United Investment Company and Diversified United Investment merger Jan 2026 · Listed investment vehicles
- Dragoneer Investment Group acquisition of Steadfast Group Jun 2026 · A$7.7bn · Insurance
- Xero acquisition of Melio Jun 2025 · A$4bn · Payments and fintech
- CC Capital Partners acquisition of Insignia Jan 2025 · A$3.9bn · Asset and wealth management
Sources
- 2 Jun 2025 Soul Patts & Brickworks agree to transformative $14b merger ASX
- 2 Jun 2025 Soul Patts & Brickworks agree to transformative $14b merger ASX
- 11 Jun 2025 Ashurst advises Soul Patts on proposed $14 billion merger with Brickworks ashurstperkinscoie.com
- 11 Jun 2025 Top firms tapped for advice on $14bn Soul Patts-Brickworks combination thelawyermag.com
- 13 Jun 2025 Soul Patts and Brickworks Announce Proposed $14 Billion Merger globallegalchronicle.com
- 4 Aug 2025 BKW Combination Booklet registered with ASIC ASX
- 4 Aug 2025 SOL Combination Booklet registered with ASIC ASX
- 24 Sep 2025 Removal from Official List ASX