Sydney – Global law firm K&L Gates LLP advised Australian owned and operated Dicker Data Limited (ASX: DDR) on the acquisition of Exeed Group valued at AU$68 million, which completed on 6 August 2021.
Headquartered in Auckland, New Zealand, Exeed is the second largest IT distributor in the New Zealand market, and holds a dominant market share across the vendors they represent. They are a leading distributor of key technology brands including Apple, HP, Hewlett Packard Enterprise and Microsoft with a focus on both the commercial and retail sectors.
The team advising Dicker Data consisted of lawyers from K&L Gates’ Australian offices support from local New Zealand lawyers. The team efficiently and rapidly managed the transaction process and supported Dicker Data throughout its due diligence and transaction negotiation phases.
The K&L Gates team representing Dicker Data was led by corporate partners Russell Lyons and Clive Cachia, who were assisted by tax partner Betsy-Ann Howe, employment partner Nick Ruskin, technology partner Cameron Abbott, property partner Jennifer Degotardi, environment & planning partner Kirstie Richards and competition partner Ayman Guirguis, special counsels Leslie Petro, Rob Pulham and Warwick Andersen, senior associates Adam Moore, Luke Salem and Priscilla Ng, lawyers Harriet Alexander, Jacqui Patishman, Max Evans, Nikita Scott and Victoria Cai, and graduates Jocelyn Leung and Lindsay Stevens.
Lyons commented: “We’re delighted that Dicker Data continues to entrust our firm with its global legal challenges, and are excited to see its expansion across New Zealand.”
Cachia remarked: “We’re very pleased to assist Dicker Data in another strategic acquisition and to showcase K&L Gates’ strength across multiple jurisdictions by quickly assembling a deal team of lawyers in Australia and with local lawyers in New Zealand.”