Norton Rose Fulbright advises Webcentral on the sale of its retail domains and hosting business
Global | Press release - Knowledge | November 2023
Global law firm Norton Rose Fulbright has advised Webcentral Limited (ASX:WCG) (Webcentral) on the sale of its retail domains and hosting business, for a total transaction value of A$165 million, and strategic partnership with Oakley Capital and its investment partners.
Webcentral is an Australian-owned digital services company and a leading provider of cloud enabling solutions. It services over 330,000 customers with a full product suite of innovative and scalable digital services across Australia and New Zealand.
Oakley Capital is a European private equity firm with approx. €10 billion in assets under management.
The deal unlocks value for Webcentral and its shareholders and will see Webcentral retain a one-third equity interest in the domains business and sell $12 million of cloud and managed support services to the business over 5 years.
The Norton Rose Fulbright team comprising local and internationally based lawyers advised on the deal including transaction structuring and negotiating and drafting of all key transaction documents.
Norton Rose Fulbright senior consultant Robert Sultan commented:
“We are delighted to have supported Webcentral through a challenging local and international transaction structure by being able to bring together our experience and expertise through our global network of lawyers based in Australia and Europe.”
Melbourne-based corporate M&A counsel Robert Sultan led the team supported by key team members including corporate M&A senior associate Ellen James together with lawyers Wilson Au, Andrew Harris and Bita Mozafari. Robert was also supported by Torsten Sauer and Marierose Schwarz from Norton Rose Fulbright’s Luxembourg team and Nils Rahlf and Andre Hartmann from Norton Rose Fulbright’s Germany team.
Previously, in 2021, Norton Rose Fulbright advised 5G Networks Limited (5GN) on the merger of its business with Webcentral Limited (formerly Webcentral Group Limited) by way of a reverse takeover implemented via a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) between 5GN and its members.
Webcentral is an Australian-owned digital services company and a leading provider of cloud enabling solutions. It services over 330,000 customers with a full product suite of innovative and scalable digital services across Australia and New Zealand.
Oakley Capital is a European private equity firm with approx. €10 billion in assets under management.
The deal unlocks value for Webcentral and its shareholders and will see Webcentral retain a one-third equity interest in the domains business and sell $12 million of cloud and managed support services to the business over 5 years.
The Norton Rose Fulbright team comprising local and internationally based lawyers advised on the deal including transaction structuring and negotiating and drafting of all key transaction documents.
Norton Rose Fulbright senior consultant Robert Sultan commented:
“We are delighted to have supported Webcentral through a challenging local and international transaction structure by being able to bring together our experience and expertise through our global network of lawyers based in Australia and Europe.”
Melbourne-based corporate M&A counsel Robert Sultan led the team supported by key team members including corporate M&A senior associate Ellen James together with lawyers Wilson Au, Andrew Harris and Bita Mozafari. Robert was also supported by Torsten Sauer and Marierose Schwarz from Norton Rose Fulbright’s Luxembourg team and Nils Rahlf and Andre Hartmann from Norton Rose Fulbright’s Germany team.
Previously, in 2021, Norton Rose Fulbright advised 5G Networks Limited (5GN) on the merger of its business with Webcentral Limited (formerly Webcentral Group Limited) by way of a reverse takeover implemented via a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) between 5GN and its members.
For further information please contact:
Alex Boxsell, Head of Digital, Communications & Experience, Norton Rose Fulbright in Australia
Tel: +61 (0)2 9330 8165 Cell: +61 (0)414 985 556
