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Mobile services provider acquires competitor

Mobile services provider acquires competitor

Esteban Gomez, Piper Alderman

Two firms advised on amaysim Australia Limited’s acquisition of Vaya Pty Limited.

Firms: Piper Alderman (Vaya Pty Limited); Clayton Utz (amaysim Australia Limited)

Deal: amaysim Australia Limited purchased Vaya Pty Limited

Value: Enterprise value of $70 million, including a $20 million equity value

Area: M&A

Key players: The Piper Alderman team was led by partner Esteban Gomez (pictured), with support from partner Warren Jiear and special counsel Jonathan Whybird.

The Clayton Utz team included partner Jonathan Algar and senior associate Sidney Tang.

Deal significance: ASX-listed amaysim Australia Limited (amaysim) and Vaya Pty Limited (Vaya) are both national mobile services providers.

Amaysim acquired 100 per cent of Vaya, with assets in Australia and the Philippines, for an enterprise value of $70 million, including a $20 million equity value.

Piper Alderman lead partner Esteban Gomez said: “The transaction needed to be executed quickly and we were able to resource the transaction at short notice during the Christmas and new year break. Both parties worked well together to achieve the right outcome within tight timeframes.”

He continued: “This transaction highlights expectations that M&A in the telecommunications industry will be buoyant in 2016.”

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