Allens advises H.R.L Morrison & Co on acquisition of Canberra Data Centres
Allens has advised investment management firm H.R.L Morrison & Co in relation to the acquisition of Canberra Data Centres (CDC) on behalf of its clients Infratil and Commonwealth Superannuation Corporation (CSC). CDC was acquired from funds associated with Quadrant Private Equity and founding shareholders of CDC.
Each of Infratil and CSC acquired a 48 per cent shareholding in CDC for cash equity consideration of $392 million, alongside CDC management (4 per cent). The transaction completed on 14 September 2016 following receipt of FIRB approval.
CDC is the leading provider of outsourced data centre services in Canberra and a trusted partner to numerous federal government agencies and private sector customers. Through its customised, modular design, CDC is able to offer highly secure and flexible data centre solutions to its customers. The business is led by CEO and founder Greg Boorer, and has a strong management team with an established track record of delivering growth.
The Allens team was led by M&A partner Tom Story and banking & finance partner Tim Stewart. The team also included TMT sector head Gavin Smith, banking & finance managing associate Rita Pang, M&A senior associate Jasmin Last and associates Paul Dawson and Sunny Jong.
'Congratulations to H.R.L Morrison and its clients on closing this attractive acquisition in what is an emerging growth infrastructure sector,' Tom Story said.
Allens' market-leading M&A team has acted on most of the significant M&A deals in the Australian market in the last 12 months. The Allens M&A team is ranked Band 1 in Chambers Asia Pacific 2016.
|Allens legal team||M&A Partner Tom Story; Banking Partner Tim Stewart; TMT Partner Gavin Smith; Managing Associate Rita Pang; Senior Associate Jasmin Last; Associate Paul Dawson and Associate Sunny Jong|
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Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 39 offices in 28 countries around the world.