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Firms advise on $105 million sale of Internode
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Firms advise on $105 million sale of Internode

iiNet Limited has acquires Internode group, Australia’s largest privately owned broadband services company.

Firms: Thomsons Lawyers (Internode), Middletons (iiNet)

Deal: iiNet Limited acquires Internode group, Australia’s largest privately owned broadband services company

Area: M&A

Value: $105 million

Key players: Chief executive partner Adrian Tembel (pictured) led the Thomsons team, with support from corporate senior associate Matthew Prescott and lawyer David Elliott

Deal significance: The sale, completed on 31 January 2012, will increase iiNet's network assets by approximately 260,000 active internet and phone services, including around 190,000 broadband subscribers throughout Australia.

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