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iiNet buys TransACT for $60 million

iiNet buys TransACT for $60 million

Clayton Utz and Middletons have advised on a telecommunications acquisition worth $60 million.

 Firms: Clayton Utz (TransACT), Middletons (iiNet)

Deal: iiNet acquires Canberra telecommunications provider TransACT

Area: M&A

Value: $60 million

Key players: Corporate partner Kate Jordan led the Clutz team with support from banking partner Paul Gatward, special counsel Simone Whetton and lawyer Anna Haynes.

Deal significance: The acquisition, completed on 30 November 2011, will increase iiNet’s presence in the ACT and regional Victoria and deliver further network assets.

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