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iiNet buys TransACT for $60 million
Clayton Utz and Middletons have advised on a telecommunications acquisition worth $60 million.
Digital
Firms: Clayton Utz (TransACT), Middletons (iiNet)
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Deal: iiNet acquires Canberra telecommunications provider TransACT
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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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