Ashurst advises Swyftx on 1-5 billion merger with Superhero

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    Global law firm Ashurst has advised cryptocurrency trading platform, Swyftx Pty Ltd, in relation to its acquisition of share-trading and superannuation platform Superhero Pty Ltd.

    The merger values the combined group at approximately $1.5 billion. The merger is the first of its kind in Australia and will allow the parties to build a single platform under which users are provided access to cryptocurrency and equities trading, along with their superannuation holdings.

    The Ashurst team was led by partner Stuart Dullard, who was assisted by senior associate Tom McCann, associates Alex Cutting and Rebecca Karpin (Corporate Transactions); partners Narelle Smythe and Corey McHattan, senior associates Nicky Thiyavutikan, Oliver Digby and Geena Davies and associates Jack Collins and Conor Tarpey (Financial Services Regulatory); partner Nina Fitzgerald, senior associate Ted Talas and associate Ben Parry (IP/Media); partner Jennie Mansfield and senior associate Mohamad Ardati (Employment); partner Ian Kellock and counsel Bronwyn Kirkwood (Tax); and partner Kenneth Tang (Global Loans).