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  5. Inabox Group Acquires Logic Communications

M&A Deal Summary

Inabox Group Acquires Logic Communications

On March 7, 2017, Inabox Group acquired information technology company Logic Communications from Banksia Capital for 2M USD

Acquisition Highlights
  • This is Inabox Group’s 1st transaction in the Information Technology sector.
  • This is Inabox Group’s 3rd largest (disclosed) transaction.
  • This is Inabox Group’s 4th transaction in Australia.

M&A Deal Summary
Date 2017-03-07
Target Logic Communications
Sector Information Technology
Buyer(s) Inabox Group
Sellers(s) Banksia Capital
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

Logic Communications

Malaga, Australia
Logic Communications is a managed IT and cloud services provider.

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Buyer(S) 1

Buyer

Inabox Group

Sydney, Australia
Category Company
Founded 2003
Sector Information Technology
Revenue 88M AUD (2016)
DESCRIPTION

Inabox Group Ltd. is a provider of of IT and telecommunications products, services and support including, next generation NBN, Business Ethernet, IP voice services, fixed voice, mobile, connectivity, cloud, managed IT services, and hosted collaboration, Network as a Service (NaaS) and Infrastructure as a Service (IAAS) services. Inabox Group Ltd. was founded in 2003 and is based in Sydney, Australia.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Australia M&A 4 of 4
Year: 2017 M&A 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-03 Hostworks Pty

Sydney, Australia

Hostworks Pty Ltd. is a provider of managed hosting and operations in public and hybrid clouds, digital consulting and application development.

Buy $7M

Seller(S) 1

SELLER

Banksia Capital

West Perth, Australia

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Banksia Capital is a provider of equity for expansion, acquisition, or MBO/MBI opportunities in Western Australia. The Firm looks to invest $3 to $15 million per transaction. Banksia does not have any sector preferences, however, the firm avoids investing in real estate or mining. Banksia Capital was formed in 2003 and is based in Perth.

DEAL STATS #
Overall 4 of 7
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Australia M&A 4 of 7
Year: 2017 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Supplement Mart

Rivervale, Australia

Supplement Mart is a provider of sports supplements and expert advice on supplements. Supplement Mart was founded in 2010 and is based in Rivervale, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-15 ARL Group

Welshpool, Australia

ARL Group is specialized in chemical analysis of water, soil, asbestos, air, food, and hygiene, with a structure that includes organic, inorganic, and occupational hygiene business units. ARL Group was founded in 1987 and is based in Welshpool, Australia.

Sell -
Mergr

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