Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Alceon Private Equity, founder Nick Sheehan and other shareholders on the sale of efex to Advent Partners. Nick Sheehan will continue to hold a material shareholding alongside Advent Partners.
efex is a leading Australian provider of managed IT solutions, offering a comprehensive range of IT managed services to businesses nationwide.
The transaction was led by corporate partner Glen Sauer and supported by a team of experts from across the firm.
Commenting on the matter, Glen Sauer said: “We are delighted to have advised Alceon Private Equity and Nick Sheehan on this transaction, and we look forward to seeing the continued growth of efex under Nick’s new partnership with Advent Partners.
“This transaction is another example of Corrs’ capability as a trusted adviser for private equity and technology M&A transactions.”