Arnold Bloch Leibler has represented Homesafe Solutions and its founder, Peter Szabo, on the sale of its operations to private equity firm Federation Asset Management. Homesafe Solutions is the pioneering provider of debt-free alternatives for older Australians to access the wealth tied up in their homes.
The transaction follows Bendigo and Adelaide Bank’s exit from Homesafe late last year, which ABL also advised on.
Quoted in the Australian Financial Review, Homesafe founder Peter Szabo welcomed the transfer of ownership, saying: “It was pleasing to find an organisation that shares my views and passion for providing senior Australians with certainty and the funds to live a dignified retirement.”
The ABL team, led by Banking & Finance partner Stephen Sharp and Corporate and M&A partner Jason van Grieken, along with lawyer Kaitie Boyd, worked closely with the client advising on all aspects of the sale.
