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Mach7 Technologies advised on multimillion-dollar deal

Gadens has advised ASX-listed Mach7 Technologies Limited on its $34.8 million institutional placement and accelerated non-renounceable entitlement offer.

user iconEmma Musgrave 26 June 2020 SME Law
Sydney
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Firms: Gadens (Mach7 Technologies Limited)

Deal: Mach7’s institutional placement and accelerated non-renounceable entitlement offer is set to fund the acquisition of Canadian company Client Outlook Inc, a specialist enterprise viewing technology company.

Value: $34.8 million

Area: Corporate advisory

Key players: The transaction was led by Gadens partner Jol Rogers, who worked with senior associate Steven Wambeek and associate William Zhang.

Deal significance:The transaction is transformational as the acquisition completes Mach7’s enterprise imaging solution and allows the combined entity to provide a unique enterprise-wide solution to the healthcare imaging market,” a statement from Gadens explained.

“Gadens has been working with Mach7 since 2015 and was delighted to work with the company on this transaction. Gadens advised on all legal aspects of the capital raise and the Australian aspects of the acquisition. The acquisition is due to complete in mid-July, subject to customary conditions.”

Commenting on the transaction, Mr Rogers said: “Our team is pleased to have supported Mach7 on this transformational deal for the company. We have worked with Mach7 for a number of years and are excited about what the combination with Client Outlook means for its continued growth.”

 

Emma Musgrave

Emma Musgrave

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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