SYDNEY AUSTRALIA: Class Limited announced that Andrew Russell is stepping down from his role as CEO and Managing Director effective 16th February 2022. It may be mentioned here HUB24 Limited will acquire all shares in Class Limited. To support a smooth transition Mr. Russell will be an adviser to HUB24 until 31 March 2022. HUB24’s…
Tag: Class Limited
HUB24 to acquire Class Limited for $386 million
Sydney, Australia: HUB24 Limited and Class Limited entered into a Scheme Implementation Deed (SID) for the acquisition by HUB24 of 100% of the ordinary shares in Class Limited. Class shareholders will receive 1 ordinary HUB24 share for every 11 ordinary Class shares held, plus $0.10 per ordinary Class share. The implied total consideration of $386…
Class Limited acquired Topdocs for $13mn
SYDNEY, AUSTRALIA: Class Limited has acquired legal documentation software provider, Topdocs, a news release said. The transaction involves the complete acquisition of the Topdocs platform and customer base, for an enterprise value of $13 million adjusted for working capital, comprised of $11.7 million in cash, and $1.3 million in Class shares escrowed for 18 months….
Class Limited agrees to acquire Smartcorp for $4.2 million
PERTH: Class Limited, a developer of application software, has announced the execution of an agreement to buy 100% of the shares in Assuriti Pty Ltd (Smartcorp) for $4.2 million, adjusted for net assets. The transaction comprises an upfront cash payment of $2.73 million on completion, plus $1.47 million in Class shares escrowed for 18 months….