M&A and
Strategic Transactions

Mergers and Acquisitions, Strategic Transactions and Advisory

Mergers, acquisitions and divestments reshape ownership, control, and long-term strategic direction. While transactions are often framed around price and completion, the decisions that carry significant impact concern structure, risk allocation, timing and flexibility.

Transactions fail not only through poor execution, but through integration failures, misaligned incentives, unresolved governance tensions, or structures that cannot withstand scrutiny as circumstances evolve. Founder exits, minority investments, joint ventures and strategic acquisitions each carry distinct legal, commercial and financial consequences for stakeholders that must be assessed beyond the transaction moment.

Tourillon Law & Advisory advises on mergers and acquisitions where outcomes matter well beyond completion. We work alongside boards, founders, owners and investors to bring upstream strategic clarity by testing options, challenging assumptions and shaping transaction structures that support durable decisions over time.

Our involvement in matters include:

  • Pre-acquisition strategy and deal shaping

  • Investment structuring and capital alignment

  • Navigating M&A deals

  • Post-acquisition governance and control

  • Portfolio transformation and exit readiness

Scope of Advisory

Our advisory work spans the full lifecycle of a transaction, from early-stage strategic analysis through planning, execution and post-completion considerations and integration. We are often engaged before a definitive path is chosen, when disciplined thinking around structure, risk allocation and governance require early clarity to ensure a sound outcome.

    • Buy-side and sell-side advisory for public and private transactions

    • Founder exits and shareholder liquidity events

    • Strategic investments, joint ventures and majority or minority stakes

    • Transaction structuring and negotiation support

    • Board and shareholder advisory before and during transactions

    • Transaction governance and decision frameworks

    • Managing competing interests and stakeholder dynamics

    • Managing execution and providing support through each phase of the transaction.

    • Legal due diligence and transaction risk assessment

    • Regulatory approvals and processes including ASX, ASIC, merger control and FIRB considerations

    • Identifying and managing execution and completion risks

    • Coordinating with financial, tax and other advisers, and stakeholders on transactions

When we are engaged

Clients typically engage us when a transaction will materially affect ownership, control or long-term value, or where the decision will be subject to board, shareholder or external scrutiny.

This includes acquisitions and disposals, founder exits, strategic investments and complex shareholder arrangements where careful judgement is required.

A transaction is being considered
Boards, founders or investors are assessing a potential acquisition, sale or strategic investment and need clarity before committing to a path.

Ownership or control will change
A transaction will alter ownership, governance or shareholder dynamics, requiring careful structuring and judgement.

There is material risk or complexity
The transaction involves regulatory considerations, competing interests or execution risk that must be managed deliberately.

The decision will be scrutinised
The outcome needs to hold up to board, shareholder or external scrutiny, both at the time and over the longer term.

How we advise

We engage directly with the decision-makers. Upfront time is invested to clarify objectives, constraints and points of risk, ensuring our advice is targeted and proportionate.

Matters are led personally and scoped with intent. We work alongside boards, founders, owners, investors and senior executives to test options, challenge assumptions where appropriate, and deliver advice that can be relied at the point of decision.

Discuss your transaction with us

If you are contemplating a transaction or facing a decision that demands careful judgement, we welcome an initial conversation to understand the context and explore how we can support you.