IFM Investors (and its affiliates) has completed its majority investment in Render Networks in addition to a subscription to fund growth capital initiatives. Render Networks is a construction technology and enterprise SaaS company based in Melbourne Australia, with significant operations in the USA. Render Networks provides a cloud-based, geospatial network construction platform, a software that modernises the infrastructure construction management industry.
G+T advised IFM Investors on all aspects of the transaction, drawing on expertise from multiple disciplines across the firm. The team was led by Corporate Advisory Partner Tim Gordon and also included lawyers Katrina Byrne, Emily Fanning, Ziggy Liszukiewicz and Intellectual Property experts Anna Smyth and Candy Welsh.
Tim Gordon said: “Fantastic to be involved in this deal at the intersection of cloud SaaS technology and critical infrastructure. We’re sure the IFM investment will help supercharge Render’s international success and it’s wonderful to have been a part of the transaction.”
G+T’s Corporate Advisory team, which boasts some of Australia’s leading M&A and Private Equity lawyers, has advised on many of Australia’s largest and most innovative transactions in the technology and infrastructure sectors, including recently advising Afterpay on its $39 billion acquisition by Square (Australia’s largest-ever public M&A transaction), CIMIC Group on its response to HOCHTIEF Australia’s unsolicited takeover bid valuing CIMIC at $6.85 billion and Vocus on its $1.7 billion merger of Orcon (Vocus’ New Zealand business) with 2degrees to create the third largest telco in New Zealand.