Sale of telecommunications company to internet and infrastructure firm
Piper Alderman advised Access Digital, an ISP provider and IT support service provider Interactive Gateways Australia, on selling their business to Over The Wire Holdings Ltd.
Access Digital was established in 2005 and headquartered in Adelaide. It has about 10 employees with approximately 250 business clients. Access Digital services include data networks and voice and private cloud solutions.
Access Digital wanted to sell all shares to Over The Wire Holdings Ltd, an internet and infrastructure firm with a market capitalization of approximately $266 million. The acquisition was intended to accelerate the company’s expansion in South Australia and increase its product offerings.
Our team, led by James Dickson, advised Access Digital on all aspects of the sale documentation and transaction completion. Piper Alderman was effective in this role because of the corporate and commercial law expertise, giving clients outstanding legal guidance on mergers and acquisitions.