Whiteoak makes 2 key investments
Independent law firm Corrs Chambers Westgarth has advised Whiteoak on two key investments into Benchmark and MIEngineers, respectively.
Firm: Corrs Chambers Westgarth (Whiteoak)
Value: Undisclosed
Area: Finance
Key players: The Corrs Chambers Westgarth team was led by partners Glen Sauer, Eugenia Kolivos and Stephen Price.
Deal significance: Whiteoak is described as an independent investment firm “with a distinctive approach to investing in private companies”.
The group’s investments into MIEnginners and Benchmark are its fourth and fifth investments, respectively, from its $125 million first fund.
Benchmark is a software company that was founded to create an estimating software solution that is now used by more than 220 government and private clients globally.
Meanwhile, MIEngineers is an independent engineering consulting firm that provides cost estimating and design services to large public infrastructure and engineering projects in Australia and the UK.
Commenting on Whiteoak’s transaction, Corrs lead partner Glen Sauer said: “It was great to work with Whiteoak to close its latest investments out of Whiteoak Growth Fund I.
“We look forward to working with the Whiteoak and the Benchmark and MIEngineers teams to take advantage of growing infrastructure construction pipelines both in Australia and globally.”
Whiteoak managing director Lorcan Barden thanked Corrs for its support.
“Corrs’ track record in working with Whiteoak and its experience with tech-enabled business services models enabled us to navigate a relatively complex deal structure.”
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.
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