Whiteoak makes 2 key investments

Value: Undisclosed

Area: Finance

Key players: The Corrs Chambers Westgarth team was led by partners Glen Sauer, Eugenia Kolivos and Stephen Price.

Deal significance: Whiteoak is described as an independent investment firm “with a distinctive approach to investing in private companies”. 

The group’s investments into MIEnginners and Benchmark are its fourth and fifth investments, respectively, from its $125 million first fund.

VIEW ALL

Benchmark is a software company that was founded to create an estimating software solution that is now used by more than 220 government and private clients globally.

Meanwhile, MIEngineers is an independent engineering consulting firm that provides cost estimating and design services to large public infrastructure and engineering projects in Australia and the UK.

Commenting on Whiteoak’s transaction, Corrs lead partner Glen Sauer said: “It was great to work with Whiteoak to close its latest investments out of Whiteoak Growth Fund I.

“We look forward to working with the Whiteoak and the Benchmark and MIEngineers teams to take advantage of growing infrastructure construction pipelines both in Australia and globally.”

Whiteoak managing director Lorcan Barden thanked Corrs for its support.

“Corrs’ track record in working with Whiteoak and its experience with tech-enabled business services models enabled us to navigate a relatively complex deal structure.”