COSOL acquisition of AssetOn Group
MPH has acted for ASX-listed COSOL Limited in connection with its acquisition of leading asset management software and services provider AssetOn Group. The acquisition, for which COSOL will pay a minimum of $22M and a maximum of $29M (depending on the value of earn-out consideration payments), creates a market-leading asset management software and services group, accelerates COSOL’s core Asset-Management-as-a-Service strategy, expands its blue-chip client base and, through the addition of the OnPlan software platform, builds its proprietary IP stack with proven software that has high customer retention. MPH advised on all facets of the acquisition, including drafting and negotiating the initial NBIO, managing and undertaking the legal due diligence process, advising on all relevant ASX-related matters and drafting the Share Purchase Agreement and associated documentation by which the transaction was effected.
MPH’s team was led by Mark Burchnall (Director) and Taila Childs (Lawyer), assisted by Ashton Hardstaff (Lawyer) and Laura Zollo.