Hostplus merges with Intrust Super Fund

Journalist: Lauren Croft
Publication: Lawyers Weekly
Publisher: Momentum Media

Hostplus, advised by Holding Redlich, and Intrust Super Fund have officially merged, creating a superannuation giant in a deal worth $3 billion.

Firm: Holding Redlich (Hostplus).

Deal: Holding Redlich has advised superannuation company Hostplus on its $3 billion merger with Intrust Super Fund.

Value: $3 billion.

Area: M&A.

Key players: The Holding Redlich team was led by partner Luke Hooper, who specialises in corporate and commercial law, superannuation, funds management and financial services.

Deal significance: As part of the acquisition, Hostplus will absorb InTrust Super’s members, employer clients and funds under management – including over 90,000 members, 25,000 employer clients, and $3 billion in funds under management.

Commenting on the deal, Mr Hooper said that “it was a privilege to act on behalf of Host-Plus on this transaction in a matter that involved a large team of superannuation, corporate/commercial and associated practice groups to help the parties reach this objective.”

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