McCullough Robertson’s Corporate M&A and Tax teams have successfully advised Suzerain Investment Holdings Ltd (Suzerain), part of the global Skybound Fidelis Investment Group, on its friendly off‑market takeover of Entertainment Rewards Ltd (ASX: EAT).

As a leading investor in fintech, microfinance and digital transformation, Suzerain’s acquisition of Entertainment Rewards, a digital entertainment, lifestyle and rewards platform operating across Australia and New Zealand, will enhance its presence in the consumer digital engagement sector and support the group’s broader growth strategy in the region.

Our support to Suzerain in this transaction included guiding the regulated takeover process, navigating ASIC and ASX requirements, and assisting with the subsequent compulsory acquisition to achieve full ownership. The takeover was announced on 15 October 2025, with the company delisting on 7 January 2026 and compulsory acquisition finalised on 23 January 2026.