Clarendon Lawyers is thrilled to announce that it has advised the founders of Indec Pty Ltd (Indec) on the sale of a controlling interest in Indec to Egis Rail, a division of Egis Rail S.A (Egis), which completed on 28 May 2021. Indec’s existing shareholders will retain a significant ongoing stake in the business and will continue to be involved in management of the company.
Indec is an Australian provider of technical consulting and project delivery services in the infrastructure sector which has been operating for almost 40 years. Egis is a €1.07bn turnover construction engineering and mobility services group that operates worldwide and has a global workforce of 16,000 employees.
The Clarendons team was led by Managing Director, Tony Symons who was assisted by Senior Associate, Alexandra Gleed and Associate, Stephen Dyason.
Mr Symons congratulated Indec on this important transaction, noting “We are delighted to be able to advise the founders of Indec on such a significant and exciting transaction. The acquisition by Egis reflects the value created by Indec’s founders in establishing such a high-quality business and market leading brand. Mr Symons also mentioned how good it was to be working along-side Chris Stefanovski (Managing Director of Moelis Australia in Corporate Finance) again.”
“Following a volatile year last year due to the COVID-19 pandemic, we are seeing an increase in cross-border M&A activity this year now that there is greater certainty.”
Moelis Australia acted as corporate adviser to Indec, Nash & Co acted as corporate adviser to Egis and Hamilton Locke acted as legal adviser to Egis.