The transaction,announced on in mid-April, constitutes a reverse takeover in which FOF will berenamed Vocus Communications Limited and the current owners of Vocus, awholesale voice and data provider, will be issued 55 per cent of the expandedcapital of FOF.

Thomson Playford Cutler’ssenior corporate partner, David Zwi, led the primary legal team on thetransaction, which also included Helen Jin, Jason Marcus, Bryan Shaw andLucinda Girdlestone.

Two separate teamsfrom Deloitte and PwC were also involved in the deal, providing theinvestigating accountant’s report and the independent expert’s reportrespectively.

“It has been apleasure working with the IWPE, FOF and Vocus teams to implement thisinnovative and quite complex transaction,” said Senior Corporate Partner DavidZwi.

“It exemplifies thetype of work, level of expertise and attractive commercial outcomes the ThomsonPlayford Cutler’s mergers and acquisitions team is committed to delivering forits clients.”

The firm said todaythat the divestment of FOF’s remaining wine assets, and a capital reduction tothe pre-transaction shareholders exclusively are also being undertaken as partof the transaction.

Given the substantialchange in the scale and nature of FOF’s activities, FOF has had to apply forlisting on the ASX afresh and has issued a comprehensive Prospectus as part ofthat process, the law firm said today. The transaction is scheduled to completeon 30 June 2010. 

VIEW ALL

Prior to thistransaction, FOF has been managed under the Pooled Development Fund regime byInvestec Wentworth Private Equity Limited (IWPE).