Home Consortium Limited (ASX:HMC) agreed to acquire Aventus Group (ASX:AVN) for AUD 82.7 million on October 18, 2021. As per the terms, Home Consortium will pay a cash consideration of AUD 0.285 or 0.038 HomeCo Securities. Expected closing date is February 14, 2022.

Daniel Sydes and Chris Colley of Herbert Smith Freehills LLP acted as legal advisor to Aventus Group. Richard Hendriks and Sue Ann Khoo of Herbert Smith Freehills LLP acted as legal advisor to Home Consortium Limited. Hogan Lovells acted as a legal advisor to Home Consortium Limited.

Greenwoods & Freehills Pty Limited acted as accountant to Aventus and Home Consortium Limited & HomeCo Daily Needs REIT. Ashurst Australia acted as legal advisor to Home Consortium & HomeCo Daily Needs REIT.