MNF Group’s acquisition of Inabox Group Wholesale and Enablement businesses

$$BDO.LiveSite.Deals.DealType$$Transaction Services
$$BDO.LiveSite.Deals.Industry$$Technology & Media
$$BDO.LiveSite.Deals.ClientName$$MNF Group Limited

MNF Group Limited (ASX:MNF) is a leading Australian telecommunications business based in Sydney and provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers domestically and internationally.

On 12 December 2018, MNF announced that it had completed the acquisition of the wholesale and enablement businesses from Inabox Group Limited (ASX:IAB) for $34.5 million.

The IAB businesses acquired have performed a leading role in the Australian wholesale telecommunications market and are recognised as the leading provider of SaaS enablement services to the industry.

MNF engaged BDO Sydney teams led by Daniel Coote (Financial Due Diligence), Neil Billyard (Tax Due Diligence) and Fady Abdallah (Indirect Tax Due Diligence) to advise on the transaction.

The team at BDO were excellent, providing us with high quality financial and taxation due diligence throughout this transaction.

Daniel, Neil and Fady’s teams assisted us at every step of the way, delivering detailed technical and commercial insight into the business’ performance and key issues surrounding the transaction.

Their level of expertise and involvement really enabled us to reach a suitable deal for our stakeholders. We wouldn’t hesitate to recommend BDO for this type of work.