Ashurst Pilots Sunsuper's $214M Vacation Co. Takeover

Law360, New York (February 10, 2014, 2:17 PM EST) -- Australian superannuation fund Sunsuper will acquire the remaining 70 percent stake in vacation park company Discovery Holiday Parks from a group of Australian private equity firms in a deal valued at AU$240 million ($214 million), the company announced Monday.

Sunsuper, one of Australia's largest super funds, which Australians use to plan for retirement, said it will take over the majority stake in the Discovery Parks business that it does not already own from fellow shareholders and private equity firms Next Capital and Allegro Funds and investment...
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