Sydney—Dentons in Australia has advised Brennan VDI Pty Ltd (Brennan), a leading business technology provider, to acquire 100% of the share capital of MOQ Limited (MOQ) by way of a Federal Court approved scheme of arrangement, further strengthening their business and presence in APAC. With the completion of the regulated takeover by scheme, valued at $23.3 million, Brennan expanded its portfolio to offer consulting, integration, managed services and solutions around data, applications and infrastructure and cloud-based digital services and further enlarged its client base.

Lead Partner, Kym Livesley, said “It is a privilege to advise Brennan, as they expand their investment into APAC. This transaction further underpins Dentons’ extensive experience on M&A and understanding of the technology sector."

Brennan founder and Managing Director Dave Stevens, said, “We are excited to be taking this step forward in our vision to become Australia’s largest technology company. With over 25 years in business, our heritage as one of Australia’s largest and most successful managed services providers has recently been bolstered by two acquisitions. Our strategy of fully integrating acquisitions means our customers and our staff quickly get the full benefits of the merged entities."

Dentons advised Brennan on all aspects of the scheme including negotiation of scheme documentation, due diligence, verification, regulatory engagement, court process and completion. The competitive bidding process, becoming more common for a takeover by scheme, added to the complexity and uniqueness of this transaction.

Playing critical roles were Urvashi Seomangal (Managing Associate) and Jordan Lin (Solicitor).

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