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Firms advise on $105 million sale of Internode
iiNet Limited has acquires Internode group, Australia’s largest privately owned broadband services company.
Digital
Firms: Thomsons Lawyers (Internode), Middletons (iiNet)
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Area: M&A
Value: $105 million
Key players: Chief executive partner Adrian Tembel (pictured) led the Thomsons team, with support from corporate senior associate Matthew Prescott and lawyer David Elliott
Deal significance: The sale, completed on 31 January 2012, will increase iiNet's network assets by approximately 260,000 active internet and phone services, including around 190,000 broadband subscribers throughout Australia.
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