Powered by MOMENTUM MEDIA
subscribe to our newsletter sign up
Water and waste controller sold to French multinational
Exclusive
Finalists named for 2019 Corporate Counsel Awards:

Water and waste controller sold to French multinational

Water and waste controller

Piper Alderman has acted for the sellers of Optimatics Holdings Pty Ltd as they offload the company to French-based multinational Suez.

Firm: Piper Alderman (private and institutional investors, including Emerald Technology Ventures); Baker McKenzie (Suez Water Pty Ltd)

Deal: Piper Alderman has acted in the sale of Optimatics Holdings Pty Ltd to Suez Water Pty Ltd

Value: Confidential

Area: M&A

Key players: Principal James Macdonald led Piper Alderman’s team alongside lawyers Mahla Andrade and Jayde Lysy.

Baker McKenzie’s team consisted of Ken Grey and Eliza McDonald.

Deal significance: Optimatics is a world-leading provider of infrastructure planning software that enables water and wastewater utilities to configure water systems to optimise performance, according to a statement from Piper Alderman.

The company grew out of a University of Adelaide PhD project and attracted the France-based multinational corporation’s attention, leading to the company’s purchase of 100 per cent of Optimatics shares.

The transaction comes after Suez Ventures acquired a minority stake in Optimatics after a Series B funding round in March last year.

Speaking on the transaction, James Macdonald said Piper Alderman was “delighted to have assisted the shareholders of Optimatics in both the previous Series A and Series B fundraising rounds as well as now achieving a successful exit.”

He said they now “look forward to seeing Optimatics grow under the direction and control of Suez.”

  • 23
    Days
  • :
  • 07
    Hours
  • :
  • 54
    Minutes
  • :
  • 01
    Seconds

Corporate Counsel Summit is nearly here!
Have you got your ticket?

FROM THE WEB
Recommended by Spike Native Network