Middletons successfully acted on behalf of the existing management shareholders of Talgentra Pacific Group in the management buyout of the majority shareholders of Talgentra Pacific Group. Talgentra Pacific Group is a specialist software solutions developer for energy, water and airport utilities. Its products include the market leading “Gentrack” CRM software and the “Airport 20/20” platform and it has operations in New Zealand, Australia, Europe and North America.
Middletons lead partner on the deal, John Mann said, “This was a very complicated transaction which involved coordinating the interests of the majority Talgentra Pacific Group shareholders, combined with a detailed corporate restructure of the management shareholding and subsequent rollover of interests in Talgentra Pacific Group into a new corporate structure.”
John added, “The transaction was further complicated by the finance arrangements to fund the transaction along with a trans-Tasman element, seeing a coordinated approach between Middletons and Kensington Swan, both acting for the management-led acquisition vehicle.”
In the course of the transaction, Middletons worked closely with Katie Carson and Chris Parke of Kensington Swan, who acted on the New Zealand aspects of the matter.
John said, “Management-led buyouts are not uncommon and we have considerable experience with this type of acquisition.”
When asked about current deal flow levels and general activity in the market, John said, “We do much of our work in the mid-market. This is where we have particular expertise and have seen a large volume of deals in recent times.”
Middletons partner John Mann was principally assisted by lawyer Nick Dahlstrom in successfully completing this transaction.
Other lawyers involved: DLA Piper, Bell Gully, Gadens, HWL Ebsworth.
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