Ironbridge to Privatise IT Financial Services Firm Bravura, at 48% > 3 month VWAP

28th June 2013. ASX-listed IT financial services firm Bravura (ASX:BVA) has announced the receipt of an indicative, non-binding, conditional proposal from its majority shareholder, private equity firm Ironbridge Capital to acquire all outstanding shares and options in the Company. Under the Scheme Proposal, Ironbridge has offered $0.28 cash per Bravura share less the amount of […]

Connxion Divests eBilling Business to Speedscan, and goes into Administration

12th July 2011. Venture capital-backed document processing specialist Speedscan announced the acquisition of the e-Billing business of Connxion Limited (ASX: CXN) on the 30th june. Financial details of the transaction were not disclosed. The nest day, 1st July, Connxion Limited, along with its subsidiary Data 1 (formerly known as Connxion Data), announced it had entered administration. Connxion has […]

Redflex Shareholders Reject Revised A$300m Bid From Macquarie and Carlyle

9th May 2011. At a Scheme Meeting of Redflex Holdings Limited (“Redflex”, ASX:RDF), held in Melbourne today, Redflex’s shareholders voted against the scheme of arrangement announced to ASX on 21 February 2011 under which an entity associated with The Carlyle Group and Macquarie Group Limited (“RoadSafety Holdings”) proposed to acquire all of the issued ordinary […]

Synergy Plus Enters Administration/Receivership

22nd March 2011. Systems integrator Synergy Plus, (ASX:SNR), has been placed into voluntary administration following a request from its financiers, GE Finance to repay its financing facility. Hall Chadwick has been appointed as administrators to the company and each of its subsidiaries including Synergy Plus Operations, Air Data and CCP (Equity). Its creditor, GE Capital, […]

CoreLogic Announces Agreement to Acquire Remaining 60% of RP Data for A$194m

11th Jan 2011. CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, announced today an agreement with the independent board of directors of RP Data Limited (ASX: RPX) “RP Data” to recommend to RP Data shareholders the acquisition by CoreLogic of all of the outstanding shares of the company for a price […]

Temasek/ST Telemedia Acquires Eircom Holdings/Babcock & Brown Telco for A$224m

15th Sept 2009. Eircom Holdings (ASX:ERC), the former telecommunications arm of Babcock & Brown, has agreed to a $224 million takeover deal from a Singapore Technologies Telemedia special purpose vehicle, which could see the ASX-listed fund privatised. Eircom’s primary asset is 57% if Irish telecommunications firm Eircom. Singapaore Technologies Telemedia is 100% owned by Temasek, […]

CommQuest Seeks Voluntary ASX Suspension

25th March 2009. CommQuest CEO William Scott has stated that “CommQuest will survive” despite being in the midst of radical company restructure, yet in a spectacular turnaround his ASX-listed company has halted trading and today has sought a voluntary suspension from quotation. KPMG has been involved in the divestment process, although the group would not confirm […]

BlueFreeway Poised to De-list

25th March 2009. Courtesy Digital Media Journal, Natalie Apostolou. The fate of ASX-listed digital services company BlueFreeway is being decided by former NSW premier and independent board member Nick Greiner, following majority shareholder IPMG’s proposal to privatise the company. The proposal to the board has emerged after months of denial from the new management team, led […]

Commander Slowly Sold Off but Core Telco Asset Sale Collapses

Jan 2009. The sale of formerly ASX-listed Commander’s telco assets to the newly formed Commander Telecom Group has collapsed. The embattled ASX-listed integrator’s employees and Commander Centre franchise owners were informed by receivers, McGrathNicol, on January 27 by letter that the deal had fallen through. The receivers have been unable to secure a commercially agreeable […]

Dimension Data Acquires Datacraft for A$300m

29th August 1997. Dimension Data has announced an offer for the entire issued share capital of Datacraft Limited, a company listed on the Australian Stock Exchange. Dimension Data has advised that if successful, Datacraft will be delisted and merged in to the operation sof Australian distributor Com Tech to establish a dominant player in the […]