Home - Client Transactions - $59.5m – ASX Listed Technology business

$59.5m – ASX Listed Technology business

$59.5m – ASX Listed Technology business


$59.5m – ASX Listed Technology business


ASX listed





The Challenges

The business had undertaken 10 corporate acquisitions in the previous 24 months with the reported results yet to fully reflect the integration benefits.

Acquisitions had been funded by a mix of equity and debt with warrants attached, making the debt funding relatively expensive.

Our Solution

We structured a funding solution with metrics based on run rate earnings as opposed to historical results.

This approach progressively opened up access to the acquisition facility as earnings improved.

The proposal was taken to competitive tender across seven banks with the client presented multiple options.

Client's Result

Full refinance of $35m saving $6m in interest cost over 3 years on existing debt, with access to a further $20m in acquisition funding reducing the need for dilutive equity raising.

In addition, cash of over $1.5m historically held to secure bank guarantees was also released.