HWL Ebsworth is advising McMillan Shakespeare Limited (ASX: MMS), a major Australian provider of salary packaging and novated leasing, on its acquisition of Presidian Holdings Pty Ltd for $115 million.

Presidian provides finance, warranty and insurance products to the Australian automotive industry, with particular expertise in the used car market segment.

The transaction, which involves the purchase of 100% of the shares of privately owned Presidian, was announced to the Australian Securities Exchange on the evening of 5 February 2015.

HWL Ebsworth's multi-office legal team involved in the matter was led by Jeremy McCarthy (M&A Partner, Melbourne) Paul Lewis (M&A Senior Associate, Melbourne), with support from Laura Young (M&A Senior Associate, Melbourne), Andrew Galvin (Banking Partner, Sydney), Gina Tresidder (IT/IP Senior Associate, Melbourne) and other specialists located in the firm's Melbourne, Sydney and Brisbane offices.

MMS is also being advised by Credit Suisse and KPMG.