Chapman Tripp Advises on Acquisition of AJ Park’s IP Ops

Chapman Tripp Advises on Acquisition of AJ Park’s Ip Operations

Chapman Tripp is advising AJ Park on the acquisition of its intellectual property business by a publicly-listed Asia-Pacific IP group - the first deal of its kind in New Zealand.

ASX-listed IP services group IPH Limited (IPH) yesterday [11 October] announced its conditional agreement to acquire AJ Park’s IP operations for NZ$66.1m, adjusted for net debt and working capital.

Chapman Tripp partner Josh Blackmore, assisted by solicitor Tom Jemson, advised on the deal.

“The first of its kind, the deal leverages recent changes to ownership regulations for patent attorneys in New Zealand, and represents a further step in the integration of the trans-Tasman patent attorney professions,” Blackmore said.

ENDS

About Chapman Tripp

Chapman Tripp is New Zealand’s leading full-service commercial law firm with a truly national presence, with 53 partners and 175 lawyers across offices in Auckland, Wellington and Christchurch.

Our clients span the full spectrum of industry, commerce and government.

Our lawyers are recognised leaders in corporate and commercial, mergers and acquisitions, capital markets, banking and finance, restructuring and insolvency, litigation and dispute resolution, employment, government and public law, intellectual property, telecommunications, real estate and construction, energy and natural resources, and tax law.

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