Leadenhall Valuations Hit New Heights with Sydney’s BridgeClimb

Sydney, Australia (20 November 2019)

The Sydney Harbour Bridge concession was recently put up for tender. Amongst strong competition, Hammons Holdings, a family-owned Australian business, was awarded a 20-year contract by NSW Road and Maritime Services in 2018 for tourism activities on the ‘coat hanger’.

After being awarded the Sydney Harbour Bridge concession but prior to commencing its operations on the bridge, Hammons acquired the existing assets of BridgeClimb which comprised the ‘BridgeClimb’ brand name and trademarks as well as other intellectual property associated with operating the concession.

Leadenhall was engaged to prepare an allocation of the purchase price paid by Hammons over the acquired assets of BridgeClimb, which resulted in some interesting valuation challenges.

Continue reading more about the engagement.

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