Firms: Holding Redlich (Veda); Cooper Grace Ward (Corporate Scorecard)
Deal: Acquisition of Corporate Scorecard, an independent provider of financial and supplier risk assessments to government and private enterprises
Key players: The Holding Redlich team was led by Sydney-based partner Jon Cane (pictured), who was supported by special counsel Lyn Nicholson and lawyer Jacob Thomas
Deal significance: The targeted acquisition of Corporate Scorecard will complement Veda’s existing commercial credit and supplier risk portfolio and will also enhance its credit analytics capabilities. Corporate Scorecard is the only independent online provider of business information services that has an Australian financial services licence to provide credit ratings under the new credit rating regulations.
The deal was structured by way of a share acquisition and completed on 28 March 2013.