Vocus acquires FirstPath
The Bonitz Advisory lead M&A team is excited to announce Vocus Communications Limited’s (Vocus) recent acquisition of FirstPath Pty Limited (FirstPath). FirstPath’s metro fibre network and fast growing commercial customer base is an excellent fit with Vocus’ network infrastructure and the suite of complementary telco services.
Bonitz Advisory is proud to be part of Vocus’ growth story from a A$20 million company in 2010 to the influential A$4+ billion telco it is today.
Saltbush is acquired by UXC Limited
Co-Lead Advisers Bonitz Advisory and cyber security market specialist Delling Advisory are pleased to announce the successful divestment of Saltbush Group (Saltbush), the largest, privately owned, information and cyber security professional services firms in the sector, to IT services company UXC Limited (ASX:UXC). Saltbush Group is Australia’s only
Saltbush Group is Australia’s only cyber-security-focused Registered Training Organisation, and is a PCI DSS qualified security assessor (QSA) for the Australian market, with QSA accredited staff in Canberra and Sydney.
NEC Australia divests its ERP business to Scope Systems
As the lead adviser to NEC Australia Pty Ltd (NEC Australia), Bonitz Advisory is pleased to announce the successful divestment of NEC Australia’s Perth-based ERP business to Scope Systems Pty Ltd (Scope Systems).
The divestment releases NEC Australia resources to re-focused on core business lines whilst providing a significant expansion of Scope System’s coverage of the mid-market ERP market in Western Australia including enhanced data infrastructure service capabilities.
Vocus buys ASG Data Centre
Vocus today (August 13, 2014) announced the acquisition of the ASG Limited Perth data centre for $11.7m.
Bonitz Advisory was the lead adviser for Vocus on this transaction.
Thank you to the Vocus and ASG teams, specifically, James Spenceley, John Russell, Mark Simpson, Richard Correll, Gerald Strautins, Vivan Stewart (Hall Capital), David Zwi (Thomson Geer) and of course my own tireless team Edwin Tung and Ada Zhang. We enjoyed assisting on this transaction which will deliver key corporate objectives to both Vocus and ASG.
Working Capital Matters
Bonitz Advisory was recently appointed to resolve a working capital dispute of material scale and was successful in negotiating an advantageous outcome for its client.
Almost all successful M&A transactions invariably include a negotiation of Working Capital levels of the entity or business being traded. The analysis, issues and negotiation surrounding Working Capital are often very complex and Bonitz Advisory prides itself to have developed a best-practice approach to ensuring fair and equitable Working Capital outcomes for our clients.
Working Capital is typically negotiated and agreed prior to the completion of a transaction but with variances to be settled a month or so *after* completion. If the agreed terms are not fair and comprehensive then a dispute can ensue which can be timely and costly to resolve.
SFG Australia’s announcement
Happy days: Bonitz Advisory in SFG Australia’s announcement. Great team work Ed, Ada, Sean, John, Linda, David, Hussein, Ben and Chris.
Team at Django Unchained
Bonitz Advisory at St George Open Air preview screening of Django Unchained.
Important day at Bonitz Advisory
Important day at Bonitz Advisory on 2 deals: Completed NEC’s Nextep divestment to AAPT & Executed the acquisition of Ipera for Vocus. A big well done to my team Ed, Ada and Kelly. Also special thanks to James, Mark, Bevan, Chris and the NEC team for your trust and support.
New sign. Was about the right time as Bonitz Advisory started in January 2011.