Media release: Clayton Utz advises PAR Technology on its acquisition of TASK Group

PAR is a global foodservice technology company providing unified commerce to enterprise restaurants.  PAR’s offerings include software, payment transaction services, drive-thru communications and restaurant hardware platforms used in over 70,000 restaurants in more than 110 countries. Combined with Australia-based TASK's transaction management platform used by some of the world’s most coveted brands including McDonald’s and Starbucks, the acquisition aligns with PAR's global vision and strategy of acquiring best-in-class products.

The Clayton Utz team was led by Corporate Partner Andrew Hay and included Corporate Special Counsels Clayton Barrett and Shigeki Yamaura, Senior Associate Lisa Tolhurst, and Lawyer Fergus Rees. Our transaction team was supported by IP & Technology Partner Cameron Gascoyne, Special Counsel Patrick Sefton and Lawyers Clare Foran and Madeline Gearing, as well as Workplace Relations Partner Hilary Searing and Lawyer Sarah Morison. Banking & Finance Partner Kathy Santikos and Special Counsel Tania Chahine, and Tax Partner Brendon Lamers, also supported the transaction.

Given the global nature of the acquisition, the Clayton Utz team worked collaboratively with Gibson Dunn, acting as PAR's United States legal counsel, and Simpson Grierson, acting as PAR's New Zealand legal counsel.

Commenting on the transaction, Andrew Hay says:

It was a pleasure to work with PAR on its strategic acquisition of TASK. This is an exciting move for PAR and one that aligns with its goal to become the world's largest food service technology company. TASK will help to expand PAR's reach into Australia and New Zealand markets and enhance its product and services offerings to a wider range of industries, supporting its vision of global growth.

We look forward to working with PAR to complete this transaction and into future, to see the growth this deal brings for the group.