NEWS

Allens advises rhipe on acquisition by Crayon

Mergers & Acquisitions Technology

Allens has advised rhipe Limited (rhipe) on its acquisition by Norwegian based global IT services business Crayon by way of a scheme of arrangement (Scheme). The Scheme valued 100 per cent of rhipe's share capital at A$408 million.

Corporate Partners Tom Story and Charles Ashton led the Allens team on the acquisition.

'We have enjoyed working closely with rhipe's board, senior management team and its financial adviser Jefferies Australia on this significant transaction, and were delighted to help rhipe secure a positive result for its shareholders,' said Tom Story, Partner and Head of Corporate.

M&A Partner Charles Ashton said 'The public M&A market continues to thrive in Australia, with a wave of activity sweeping across the local technology sector. We expect to see further deals in the coming months.'

rhipe shareholders approved the Scheme on 11 October 2021 and the Supreme Court of New South Wales approved it on 13 October 2021.

Allens legal team

Corporate

Tom Story (Partner), Charles Ashton (Partner), Katherine Tsatsaklas (Associate), Adam Silver (Lawyer), Ben Fong (Lawyer)

Disputes & Investigations

Alexandra Mason (Partner), Ellen Trevanion (Associate), Kiara Di Carlo (Lawyer)

Tax

Joseph Power (Partner), Jay Prasad (Managing Associate), Tamar Ruiz (Associate), Madeline Fisher (Lawyer)

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 40 offices in 28 countries around the world.