Processing timeline
19
days
Acquirer(s)
BUROSERV TELCO HOLDINGS PTY LTD ABN - 17 690 175 770
Target(s) or Vendor(s)
LMGPS PTY LTD ABN - 48 612 519 178
Other parties
V4 COMMUNICATIONS PTY LTD ABN - 86 630 303 623, Buro Business Private Limited U74999WB2021FTC250319, LOADED NET AUSTRALIA PTY LTD ABN - 70 632 923 561, HURRICANE COMPUTE PTY LTD ABN - 58 160 799 244, Buroserv Australia Pty Ltd ABN - 45 135 379 387, BUROSERV NETWORKS PTY LTD ABN - 64 601 689 561, WATERFRONT NETWORKS PTY LTD ABN - 36 611 517 090, SALTER BROTHERS PRIVATE EQUITY PTY LIMITED ABN - 49 619 543 967, TOTALCOM CORP PTY LTD ABN - 72 133 098 905, Salter Brothers Funds Management Pty Ltd ABN - 94 608 295 683
Salter Brothers, a fund management firm, via its special purpose vehicle Buroserv Telco Holdings Pty Ltd, is acquiring select assets and liabilities of LMGPS Pty Ltd. LMGPS provides telecommunication services to Australian wholesale and retail customers, focused on small-to-medium enterprises. This asset acquisition is in the telecommunications sector.
Buroserv Telco Holdings Pty Ltd ( BTH ) is a special purpose vehicle owned and incorporated by Salter Brothers Private Equity Pty Ltd which is in turn owned by Salter Brothers Funds Management Pty Ltd ( Salter Brothers ). Salter Brothers is a professional fund management firm with a focus on specialist property, equities and credit investments. Salter Brothers is the fund manager of several property focused funds which own over 40 hotels and resorts around Australia, the US and Asia. LMGPS Pty Ltd ( LMGPS ) provides telecommunication services to wholesale and retail customers in Australia, focussed on small-to-medium enterprises. LMGPS owns 100% of Buroserv Australia Pty Ltd, one of several operating entities owned by LMGPS (including Totalcom Corp Pty Ltd, Waterfront Networks Pty Ltd, Buroserv Networks Pty Ltd, V4 Communications Pty Ltd, Loaded Net Australia Pty Ltd, and Hurricane Compute Pty Ltd). Salter Brothers, through BTH, is proposing to acquire select assets and liabilities of LMGPS Pty Ltd, including the above-named subsidiaries.