MicroStar Keg Management LLC has signed an agreement to acquire Kegstar Holdings Pty Limited from Brambles Limited (ASX:BXB) an enterprise value of $52.2 million on February 9, 2021. Under the transaction, MicroStar will issue its shares to Brambles as consideration resulting in Brambles holding 15% stake and MicroStar holding 85% stake in the combined entity. The transaction is subject to foreign investment approval in Australia and New Zealand and is expected to be completed in the first half of the 2021. MicroStar Keg Management LLC completed the acquisition of Kegstar Holdings Pty Limited from Brambles Limited (ASX:BXB) on April 16, 2021. Morgan, Lewis & Bockius LLP acted as legal advisor to Freeman Spogli Management Co., L.P.