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Five V Capital eyes Automic investment
Gilbert + Tobin has advised Automic Group on Five V Capital’s latest investment in the company.
Emma Musgrave
Firms: Gilbert + Tobin (Automic Group); Undisclosed (Five V Capital).
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Deal: Five V Capital has completed an investment in Automic Group.
Value: $80 million.
Area: Finance.
Key players: The Gilbert + Tobin team was led by partner Adam D’Andreti with assistance from lawyers Elizabeth Cameron, Xavier Keary and Liya Wu.
Deal significance: Automic Group is a share registry and professional services company.
Five V Capital’s $80 million investment in the company sees Automic now valued at over $200 million, a statement from Gilbert + Tobin explained.
“As one of Australia’s leading share registry providers, Automic Group has more 800 ASX-listed and unlisted clients including Zip, Guzman & Gomez, Magellan, and helloworld travel, making it the second largest share registry provider behind Computershare,” the firm noted.
Commenting further, lead partner Adam D’Andreti said: “We are delighted to have advised Automic Group on this milestone investment. The deal signifies the growing interest for innovation and technology within the ASX market.”
“We congratulate Automic Group and Five V Capital on their new partnership and look forward to seeing Automic Group continue to grow its cloud-based capabilities to further streamline registries across listed and unlisted markets.”
