Saltbush Group is acquired by UXC Limited

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Bonitz Advisory is proud to have been the co-lead sell-side adviser to Saltbush Group Pty Ltd on its divestment to UXC Limited
Transaction Saltbush is acquired by UXC Limited
Announcement date 2014
Client Saltbush Group
Counterparty UXC Limited
Our role Sellside
Value A$ Undisclosed

 

Our Role

Bonitz Advisory is proud to have been the co-lead sell-side adviser to Saltbush Group Pty Ltd (Saltbush) on its divestment to UXC Limited (UXC).

Transaction Overview

The divestment of Saltbush, Australia’s largest cyber security consulting firm, to UXC (now CSC) provides to business access to UXC’s customers and corporate resources further fuelling its growth potential. On the other hand, UXC’s acquisition of Saltbush significantly enhances UXC’s (now CSC) IT security capabilities, creating UXC’s first ICT Security Practice. The acquisition also includes an array of IT security credentials such as RTO, I-RAP, CREST approval, and QSA-accredited staff.

A key challenge of the divestment was to ensure that the synergies of Saltbush’s 6 corporate entities were presented in such a way as to maximise the value of the Saltbush group. Bonitz Advisory undertook an extensive analysis to uncover areas of financial normalisation as well as identification of strategic value that UXC would be able to harness post-acquisition.

Company Overview

Saltbush Group Pty Ltd – Saltbush is Australia’s leading, privately owned, information and cyber security professional services firms with 66 staff and annual revenue of c.$12m. Its business lines include consulting, training, managed services, app development and testing, all conducted with a security focus.

UXC Limited – UXC is an S&P/ASX 300 listed Australian business solutions company and the largest Australian owned ICT consultancy firm. UXC services medium to large entities in the private and public sectors across Australia and New Zealand and has operations in Asia and the United States.


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