Water and waste controller sold to French multinational

By Grace Ormsby|07 October 2018

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.

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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.”

Water and waste controller sold to French multinational
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