G+T is advising Damstra Holdings Ltd on its proposed acquisition of ASX-listed Vault Intelligence Limited through an all-scrip scheme of arrangement.

Damstra yesterday announced that it had entered into a scheme implementation deed with Vault under which Damstra proposes to acquire 100% of Vault.

Vault is a SaaS business specialising in the development of workforce performance technologies. Damstra is an Australian-based provider of workplace management solutions to multiple industry segments across the globe. The transaction will create a larger, more diversified, workplace management company with an expanded and highly complementary product range. 

Under the proposed scheme of arrangement, Vault shareholders will receive 1 Damstra share for every 2.9 Vault shares.

Corporate Advisory Partner Alex Kauye said: "After advising Damstra on its successful IPO and ASX listing last year, we are delighted to now be working with them on this transformational acquisition. A transaction like this is a positive sign that, despite the current economic uncertainty, parties are still prepared to pursue significant M&A transactions where there is a compelling strategic rationale".

The Gilbert + Tobin team is led by Corporate Advisory Partner Alex Kauye with support from Wes Bainbridge, Alon Takac and Rose Burnfield.

Gilbert + Tobin’s market-leading Corporate Advisory team regularly advises on many of Australia’s largest and most innovative transactions, including advising KKR on the proposed acquisition of a majority interest in Colonial First State, AB InBev on the $16 billion sale of Carlton & United Breweries to Asahi (the largest M&A transaction last year), DuluxGroup on its $3.8 billion acquisition by Nippon Paint and KKR on the $2.1 billion acquisition of MYOB.