Maddocks pitches in on $30m capital raising by AUCloud

The funds will support the generation of a scaled enterprise in the cloud and cyber security sector

Maddocks pitches in on $30m capital raising by AUCloud

Maddocks has guided ASX-listed Sovereign Cloud Holdings Limited (AUCloud) on its recent $30m capital raising.

The firm said that the funds are intended to support AUCloud’s acquisition of three companies which will generate a platform for a scaled enterprise in the cloud and cyber security sector. The companies to be acquired are cyber security consultancy PCG Cyber; Venn IT Solutions, a managed services provider catering to industries such as mining, financial services, education, and distribution; and Arado, which offers cloud and managed services to the agriculture, health, and resources sectors.

Maddocks’ team advised on both the capital raising and the acquisitions under the leadership of corporate partner Catherine Merity and capital markets partner Rosamond Sayer. They were supported by senior associates Tanja Maley and Scott Hunt; associate Laura Cooke; and lawyer David Williamson.

AUCloud specialises in offering cyber security and cloud services.

Recent articles & video

Dentons announced as legal partner of Australian Sporting Alliance for People with Disability

Banking and finance expert joins Msquared Capital as GC

Macpherson Kelley moves to new space in Sydney

Holding Redlich decorated in first-ever Best Law Firms – Australia

Thomson Geer partner: Bruce Lehrmann suit teaches a lesson about bringing unmeritorious claims

Australian Ethical picks up Altius Asset Management with KWM's guidance

Most Read Articles

Thomson Geer partner on the biggest impact of the Bruce Lehrmann defamation ruling

Thomson Geer partner: Bruce Lehrmann suit teaches a lesson about bringing unmeritorious claims

G+T guides Mitsubishi UFJ Trust and Banking on $2.1bn pickup of Link Group

HWL Ebsworth reveals new leadership and management structure