News and Views
Transaction & Advisory | May 2023
Digital health startup Eucalyptus lands $50 million in its latest funding round
Our Corporate team led by Paul Miller (Partner), Sarah-Jane Sale (Senior Associate) and Sally Yang (Associate), are proud to have advised Australian digital health start-up, Eucalyptus, on its most recent fundraising. High profile investors including Blackbird Ventures, Bond Capital and Woolworths’ W23 venture arm, raised $50 million raising the company’s valuation to $560 million.
Despite there currently being a difficult fundraising environment, we are delighted that investors have the confidence in Eucalyptus’ model, which can only bode well for its future.
Inotap acquires Home Live Group
Our Corporate team led by Paul Miller, Simon Correggia and Sally Yang advised the founders of Home Live Group, a remote engagement platform for global real estate sale and property management, on the sale to Inotap.
Valsoft acquires Forms Express
Our Corporate team led by Alistair Jaque, Sally Yang and Antony Bull acted for Valsoft Corporation on another acquisition. The latest acquisition of Forms Express, an industry leader in transactional mail, billing and payment services across Australia and New Zealand will strengthen its Local Government software portfolio.
Endava acquires DEK Technologies
Our Corporate team, comprising Alistair Jaque, Simon Correggia, Steven An, Sarah-Jane Sale and Antony Bull, advised on the sale of the DEK Technologies group (a multinational software and hardware engineering and development business) to Endava (a UK based next-gen global technology company listed on the NYSE). KPMG advised the sellers on the tax aspects of the transaction and Technology Holdings International acted as corporate adviser.