StepChange Holdings Limited completes acquisition of BroadReach Group Pty Ltd

MPH recently advised for ASX-listed StepChange Holdings Limited (“StepChange”) in connection with its acquisition of Western-Australian ICT advisory services company, BroadReach Group Pty Ltd (“BroadReach”). The acquisition, under which StepChange will pay a minimum of $2.5 million and a maximum of $4.3 million (subject to the achievement of earn-out milestones), will strengthen StepChange’s capabilities in strategic ICT enterprise, architecture, business analysis and solution design while also diversify its client base across multiple State government departments.

MPH advised StepChange on all facets of the acquisition, including drafting and negotiating the initial non-binding indicative offer, managing and undertaking the legal due diligence process, advising on all relevant ASX-related matters and drafting and negotiating the Share Purchase Agreement and associated documents by which the transaction was effected.

MPH’s team was led by Taila Childs (Director) and Jordan Hilligenn (Senior Associate), assisted by Sade Rose (Lawyer), Larissa Dassanayake (Lawyer) and Laura Zollo.