Hamilton Locke advises Resimac on sale of Paywise

Hamilton Locke acted for Resimac Group Limited (ASX: RMC) on the sale of its 100% equity stake in its wholly owned subsidiary Paywise Pty Limited for total cash consideration of AUD$14 million in a management buyout arrangement. Paywise is a salary packaging service provider that operated independently from Resimac’s core Australia and New Zealand lending businesses.


The team at Hamilton Locke was led by partner Patricia Paton and assisted by senior associate Dominic Kleemann and lawyer Morgan Sheargold.


Commenting on the transaction, Patricia Paton said: “the financial services sector is going through a period of transition, and we are very happy to be able to assist our clients in this industry take advantage of the opportunities that provides”.


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