Client results
OneVue Sale to Iress
McCullough Robertson (acting for OneVue Holdings Limited) and King & Wood Mallesons (acting for Iress Limited) have successfully advised on the acquisition by Iress Limited (ASX: IRE) of OneVue Holdings Limited (ASX: OVH) by scheme of arrangement.
The scheme comprised all-cash consideration for 100% of shares at a total value of A$115.2 million ($0.43 per share), and was unanimously supported by OneVue’s Board of Directors.
The strength of OneVue’s execution and service model paired with the distribution and technology offered by Iress, dramatically hastens the execution of the strategy beyond what the two organisations could accomplish independently.
The McCullough Robertson team was led by Corporate and M&A Partners Adrian Smith and Ben Wood, and was supported by colleagues from across our corporate, finance, tax, and litigation teams.
Adrian Smith comments “it has been a privilege for McCullough Robertson to support OneVue’s fantastic management team, and in particular CEO Connie Mckeage and CFO Ash Fenton, on a number of significant transactions, culminating in the excellent outcome which this transaction delivers for OneVue shareholders, clients and staff.”
To read the ASX announcement, please click here.