NowInfinity receives investment

A global firm has advised Future Now Ventures on its investment in an innovative online super platform.

Lara Bullock • 26 October 2016 • Big Law

Firms: Norton Rose Fulbright (Future Now Ventures Pty Ltd); Robert Richards & Associates (NowInfinity Pty Ltd)

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Deal: Future Now Ventures has invested in NowInfinity.

Value: Confidential

Area: M&A

Key players: The Norton Rose Fulbright team was led by partner Ben Smits (pictured), with assistance from associate Ashika Binodan.

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Deal significance: Future Now Ventures has invested in NowInfinity, an innovative online document management platform for self-managed superannuation funds.

The acquisition was made using a special-purpose vehicle – NowInfinity Holdings Pty Ltd – through a combination of cash consideration and scrip-for-scrip rollover.

“This acquisition is a clever addition to the growing Future Now Ventures portfolio of well-credentialed technology assets,” Norton Rose Fulbright partner Ben Smits said.

“Future Now Ventures have identified several growth opportunities to build scale with the new platform and it will be exciting to be a part of that journey.”

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