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Telstra acquires $110m retail ICT and Sprout business
Vita Group has been advised on the sale of its retail information and communication technology (ICT) and Sprout business to Telstra.
Jerome Doraisamy
Firm: MinterEllison (Vita Group).
Area: M&A.
Value: $110 million.
Key players: The Minter team was led by partner Gary Goldman, who was supported by legal consultant Anastasia Maynes, senior associate James Allen, associate Olivia Fielding, lawyer Famin Ahmed, and graduates Blaire O’Loughlin-Mills and Jenny Chen.
Deal significance: Mr Goldman said: “We were delighted to support Vita on this important transaction that helps them to shift their business model to focus on the opportunities that the health and wellness sector can offer.
“Importantly, despite the sale, Vita was not required to reapply for the ASX, and was able to remain listed without seeking readmission. We were pleased to be able to assist Vita in liaising with the ASX and help them to maximise their opportunities going forward.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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