Allens has advised TPG Capital on its proposed take-private acquisition of ASX-listed Infomedia Limited via a Board recommended scheme of arrangement for an equity value of approximately $651 million.
Infomedia is a national leader in innovative SaaS, DaaS and AI solutions, empowering global automotive brands to optimise their data and improve customer service.
'We are pleased to support TPG Capital with its proposed acquisition. TPG Capital is well positioned to accelerate Infomedia's international expansion across the Asia Pacific region, EMEA and the Americas,' said joint lead partner Tom Story.
'This is another great story of private capital backing a leading business as it looks to fulfil its growth ambitions. We're delighted to be working with TPG Capital on this exciting transaction,' said joint lead partner Emin Altiparmak.
Implementation of the scheme remains subject to customary conditions, including Infomedia shareholder approval, court approval and regulatory clearances.
