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Software firm acquires cloud services provider
Allens has advised cloud services provider Bulletproof Group Limited on its acquisition by Klikon Group Holdings.
Emma Musgrave
Firms: Allens (Bulletproof Group Limited); HWL Ebsworth (Klikon Group Holdings)
Value: Undisclosed
Area: M&A
Key players: The Allens legal team was led by partner Mark Malinas, with assistance from partner Kim Reid, managing associate Michelle Bennett, special counsel Gadi Bloch, senior associate Jack Power, associates Sophie Allchurch and Julian Holland, lawyer Sidney Sneddon, and law graduates Yin Lim and Lara Baker.
Deal significance: The deal closed on 6 June, seeing Bulletproof shareholders receive cash consideration for their shares of 15.2 cents per share, according to an Allens statement.
“This was a deal full of twists and turns given the competing takeover bid and Takeovers Panel action, so this outcome is particularly pleasing,” said lead partner Mark Malinas.
“We are delighted to have worked with the Bulletproof management team and board to achieve such a positive result for shareholders.
“Completion of this scheme follows a trend of public M&A in the Australian market and, in particular, appetite for technology business.”
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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