Corp And Comm

Buddle Findlay advised Sydney-based investment firm Alceon Group on its acquisition earlier this week of New Zealand clothing and homeware retailer EziBuy from ASX-listed supermarket chain operator Woolworths for an undisclosed sum.

Buddle Findlay lead partner Steve Nightingale said "We were delighted to act for Alceon in what was a significant transaction completed in a tight timeframe."

Woolworths acquired EziBuy in 2013 from the founders and an Australian private equity firm.  Woolworths decided to sell the business following a strategic review.

Alceon Group is the major shareholder in Australian ASX-listed womenswear retailer Noni B.

Steve was assisted by senior associate Rupert Rouch, tax partner Tony Wilkinson and other specialists.