Maddocks is advising leading aerospace technology manufacturer Quickstep Holdings Limited (QHL) on the proposed Scheme of Arrangement with ASDAM Operations Pty Ltd in a transaction that will drive continued innovation in Australia’s advanced manufacturing industry.

QHL is the largest independent aerospace composite business in Australia.

QHL entered into a binding Scheme Implementation Deed with ASDAM Operations last month, under which shareholders will receive $0.575 for every one Quickstep share.

A meeting of QHL shareholders to vote on the proposed transaction will take place in the first half of this year. The Scheme is subject to usual conditions including shareholder and Court approvals.

The Maddocks team advising on the transaction was led by Commercial Partner Ron Smooker and Special Counsel Jacqueline Picone with support from Associate Oliver Wahlstrom.