Kain Lawyers advises Kelsian Group Limited (ASX:KLS) on the sale of its Tourism Portfolio to Journey Beyond
Kain Lawyers advised Kelsian Group Limited (ASX:KLS) on the A$149.9 million sale of its Tourism Portfolio to Journey Beyond, which completed on 30 September 2026. Kain supported the Kelsian team throughout the transaction from initial vendor legal due diligence to drafting, negotiating and signing the key transaction documents, ACCC and FIRB clearances and satisfaction of other conditions precedent including a significant restructuring, through to completion. The transaction involved a complex carve-out of the Tourism Portfolio from Kelsian’s core transport business and the buyer obtaining unconditional Phase 1 ACCC clearance under Australia’s new mandatory merger control regime. The completion of this strategic divestment marks a significant milestone for Kelsian. The Kain Lawyers team was led by Corporate Transactions Directors James Burchnall and James Tannock supported by Stephen Vrettos, Alexandra Miller, Santino Stifanelli and Denis Hysenaj. Competition Director, Rebecca Henderson led the competition workstream with support from Kimberly Hoffman. Benjamin Wu and Jeremy Collins took the lead on property matters. This transaction demonstrates Kain Lawyers’ expertise in complex, high-value and multi-jurisdictional M&A. It reflects Kain’s ability to deliver high-quality legal advice on strategically significant transactions involving regulatory approvals (including ACCC), substantial property and real asset interests and cross-border considerations.