18.10.2021  Walter Baden advises DGTek on acquisition of Internet business

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 sale of MB Prestige

Walter Baden congratulates the owners of MB Prestige Holdings Pty Ltd (MB), an independent prestige motor vehicle underwriting agency, on the sale of their interest in that company to ATC Insurance Solutions Pty Ltd. In addition to providing an opportunity for UK private equity investor B.P. Marsh  & Partners Plc to consolidate its interests in both entities and for some of MB’s longstanding management shareholders to exit, the transaction creates one of Australia’s largest independent underwriting agencies. MB’s Managing Director, Daniel McNamara, continues in his role post-merger.

ATC agreed to acquire MB for $17 million, with consideration being paid in a combination of cash and equity.

The Walter Baden team, led by Steven Humphries, advised MB owners on all aspects of the sale.

Walter Baden advises UK group Paced Ltd (now Think Better Group Ltd) on three Australian acquisitions – Ecoriginals, Project Blank and Stockshare

Walter Baden is pleased to have advised Paced Ltd (now Think Better Group Ltd), a UK company operating globally in the consumer brands sector with a focus on delivering environmental sustainability. Walter Baden led legal due diligence and deal execution on behalf of Think Better Group to acquire all of the shares in three Australian companies:

  • Ecoriginals, an eco-friendly nappy business
  • Project Blank, a sustainable wetsuit and outdoor lifestyle goods business, and
  • Stockshare, a digital inventory platform business.

Walter Baden advises Cornerstone Performance Management on the merger with Quay Consulting

Walter Baden has advised Cornerstone Performance Management Pty Ltd on its merger with Quay Consulting. Quay Consulting continues to operate under its own brand, and joins CPM alongside PMsquare, which merged with CPM in 2016. The Walter Baden team advising on the project included Steven Humphries and Kien Ng.

Walter Baden advises DGtek on the acquisition of FG Telecom business

Walter Baden is pleased to have advised DGtek Pty Ltd, an Australian telecommunications infrastructure carrier, on its acquisition of the business assets of FG Telecom Pty Ltd. FG Telecom provides high-speed internet and related enterprise solutions to businesses in Melbourne. The acquisition expands DGtek’s network coverage across Melbourne by over 25%.

The Walter Baden team, led by Steven Humphries, conducted legal due diligence and advised on all aspects of the acquisition process.

Walter Baden advises Alceon Group on acquisition of Freehold

WB is delighted to have advised Alceon Group on its acquisition of specialist real estate and infrastructure manager, Freehold Investment Management. This follows Alceon’s acquisition of a 40% stake in the Freehold business 18 months earlier.