Walter Baden advises DGTek on acquisition of Internet business

Walter Baden is pleased to have advised Australian telecommunications infrastructure carrier DGTek on its agreement to acquire the consumer residential Internet business of Spirit Technology Solutions Limited (ASX:STI) for $5.1M.

The Walter Baden team on the project included Steven Humphries, Kien Ng and Georgie French. This is our second project for DGTek in 2021, having earlier acted on the acquisition of FG Telecom’s high-speed Internet and enterprise solutions business .

Walter Baden advises on part sale of Direct Couriers to Anacacia Capital

Walter Baden is pleased to have advised the principals of Direct Couriers group of companies, a courier logistics services business operating in Australia and New Zealand, on the roll up into one group and the part sale of their interests to Anacacia Capital.  All Direct Group senior executives will remain in the group in their current roles.  As part of the transaction, Direct Group also acquired Andrew’s Refrigerated Transport which will expand on the Direct’s services into the refrigerated transportation services in the eastern seaboard.

Steven Humphries led the Walter Baden team and advised the principals of Direct Couriers in all aspects of the roll-up, part sale and acquisition of Andrew’s Refrigerated Transport.