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Stone & Chalk cements AustCyber merger
Aussie law firm Hall & Wilcox has advised Stone & Chalk on its merger with the Australian Cyber Security Growth Network, better known as AustCyber.
Emma Musgrave
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Firms: Hall & Wilcox (Stone & Chalk); undisclosed (AustCyber).
Deal: Stone & Chalk and AustCyber have successfully merged.
Value: Undisclosed.
Area: M&A.
Key players: The legal team advising Stone & Chalk was led by Hall & Wilcox partner Jacqui Barrett. Lawyers Paul Simos and Rebecca Kazzi acted on the corporate side and lawyer Veronica Lee acted on employment matters.
Deal significance: AustCyber is a Commonwealth-funded, not-for-profit organisation, while Stone & Chalk is a leading innovation hub organisation.
According to a statement from Hall & Wilcox, the deal between the pair will allow AustCyber to “leverage Stone & Chalk’s position in the startup community to scale Australia’s cyber capabilities into strategically significant emerging technology industries”.
“AustCyber is one of six Industry Growth Centres set up by the Commonwealth as part of the Industry Growth Centres Initiative in order to boost innovation and science in Australia. Startups and scale-ups will have greater access to domestic and international customers, talent, expertise and capital,” the firm noted.
Throughout the transaction, Hall & Wilcox advised on the drafting and negotiating of the integration deed, the corporate structure, including amendments to the AustCyber constituent documents, assisted with employment arrangements and undertook legal due diligence.
“We are delighted to have acted on a transaction that has such transformative potential for Stone & Chalk, AustCyber and Australia,” lead partner Ms Barrett said.
“The merger was unique in its structure and represented a fantastic opportunity for us to draft innovatively and find bespoke solutions to give effect to the intentions of the parties.”
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.
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