Clifford Chance

Clifford Chance advises Allegro Funds on its acquisition of BPO business Nutun Australia

Global law firm Clifford Chance has advised Australian private equity firm Allegro Funds on its acquisition of business process outsourcing (BPO) provider Nutun Australia from Nutun and its South African parent company, Transaction Capital Limited.

Lead partner Mark Currell said, "We are delighted to have advised Allegro Funds on their strategic carveout of Nutun Australia, a move that exemplifies Allegro's astute investment approach in identifying high-potential businesses. This transaction also highlights our team's ability to deliver seamless legal advice across private equity and acquisition finance."

Mark was supported by counsel Marcus Berghouse, senior associate Sarah Jenkins and associate Adrian Packer. Partner Elizabeth Hundt Russell and senior associate Alexander Sorgese advised on the acquisition finance aspects of the deal.

Allegro Funds specialises in investing in turnaround, transformation and special situations, and has assets under management in excess of AU$4 billion.

Nutun is a leading provider of BPO services to a blue-chip customer base that includes the largest banks, insurers, utilities and telecommunication providers in Australia and New Zealand.

Clifford Chance previously advised Allegro on the sale of Pizza Hut Australia to Flynn Restaurant Group.