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Herbert Smith Freehills Advises Dimension Data On Its Proposed AUD 171m Acquisition Of Oakton.

25 August, 2014

 

Herbert Smith Freehills has advised Dimension Data Australia in relation to its proposed acquisition of Oakton Limited (Oakton) by way of scheme arrangement for AUD 171m. Dimension Data is an ICT services provider owned by Japan’s Nippon Telegraph and Telephone Corporation (NTT). The scheme of arrangement is subject to Oakton shareholder approval, as well as other conditions such as Court approval. Oakton expects to seek shareholder approval in November 2014. 

 

The Herbert Smith Freehills team was led by  partners Raji Azzam and Rodd Levy. 

Raji Azzam said: “We are very pleased to be working closely with Dimension Data on this important transaction.” 

 
Other parties involved were JP Morgan as the financial adviser for Dimension Data. Oakton was advised by Bank of America Merrill Lynch and Minter Ellison. 

 

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