Seven Network Limited approached us in 2010 when they needed a secure virtual data room to manage the proposed $1.8bn merger with WesTrac Holdings. The proposed merger would create a new diversified operating and investment group Seven Group Holdings to be listed on the Australian Securities Exchange (ASX).

The proposed merger to form Seven Group Holdings comprised of wholly-owned operating businesses and key strategic investments including WesTrac Group (100%), Seven Media Group (47%, which is a joint venture with Kohlberg Kravis Roberts comprising Australia’s leading television network, Seven Network, Pacific Magazines, one of Australia’s two largest magazine publishing companies, and Yahoo!7), West Australian News Papaeer Holdings (23%), Consolidated Media Holdings (22%), National Hire Limited (66%).

 

The Currency implemented our Iposoft® Dataroom technology that allows managers to streamline the complex nature of large scale corporate mergers, reducing risk and transaction time.

 

Iposoft® Dataroom tracks all electronic communications distributed by the various stakeholders involved in the process be they investment banks, company executives, accountants, lawyers, public relations consultants, or graphic designer.

 

Iposoft® Dataroom also neatly manages all documentation generated throughout the offer process and maintains it in a centralised and secure database. In addition, a complete snapshot of the data room contents is provided on completion for archival and auditing purposes.