Value: Undisclosed

Area: M&A

Key players: KPMG Law’s team was led by David Morris with support from directors. Head of M&A Peter Turner advised on corporate finance for the transaction while tax partner Len Nicita provided tax advice with support from Stephanie Schaefer.

Deal significance: KPMG Law says the transaction between Servian and Adamantem is aimed at “pursuing significant expansion opportunities.”

VIEW ALL

Founded in 2008, Servian is a privately held Australian IT solutions and consulting company.

Adamantem Capital is a private equity firm. Its targeted first fund size is $600 million, which is focused on investing in Australian and New Zealand mid-market opportunities where the enterprise value is between $100 million and $500 million.

Commenting on the deal, KPMG Law’s lead partner David Morris said the firm was “delighted” to have acted on the significant transaction.

“The Servian team has done an outstanding job in building the company over the last decade and this partnership with a group of the calibre of Adamantem Capital will provide an exciting platform for the future growth of Servian,” he continued.

Mr Morris noted the deal reflected strong M&A activity in the technology sector and a high level of interest from private equity funds.

The transaction also showcased not only our strong M&A legal capability but importantly the benefits of our integrated M&A offering at KPMG, which provides our clients with the advantages associated with only needing to use one advisor on a transaction rather than having to manage multiple service providers,” he added.