DLA Piper has advised Pengana Holdings on its successful merger with Hunter Hall International Limited (ASX: HHL).

Hunter Hall shareholders approved the merger on 1 June 2017, with more than 92 percent of votes cast in favour.

The merger of the two companies creates a substantial funds management business, and the combined entity has been renamed Pengana Capital Group Limited (ASX: PCG), with combined funds under management of approximately AU$3.1 billion.

The DLA Piper team was led by Corporate partner David Ryan, with Head of Corporate James Philips, senior associate Elliott Cheung and solicitor Rube Uthayakumar.

David Ryan said: "We are delighted to have advised our client Pengana Holdings on this significant transaction. Pengana is on a strong growth trajectory, and this merger with Hunter Hall brings together two complementary, strategically-aligned investment teams to create a listed funds management business with a solid growth platform, locally and globally."