SLM Corporate is pleased to announce that it has completed the sale of MessageNet to the Photon Group (ASX: PGA).
MessageNet is Australia’s leading business SMS communication specialist, providing SMS services to a wide range of corporate customers including to 50% of the BRW Top 100 companies. MessageNet has more than 1500 corporate clients as a result of its strong reputation for delivering a professional product together with round the-clock customer support.
Photon, listed on ASX with a market cap of approximately $500m, is a specialist marketing services company comprised of five strategic divisions: Strategic Intelligence, Integrated Communications & Digital, Field Marketing, Internet Marketing & Communications and Specialised Communications.
SLM Corporate’s role included:
Valuing the company for sale;
Preparing a detailed information memorandum;
Identifying and contacting a number of potential buyers and receiving bids;
Advising the company throughout the negotiations with the highest bidder;
Facilitating the due diligence process; and
Coordinating the overall transaction.
For further information, please contact:
Ph: 03 9244 9644