Velrada, globally awarded Microsoft Partner, sold to ASG Group

$$BDO.LiveSite.Deals.DealType$$Capital markets & M&A
$$BDO.LiveSite.Deals.Industry$$Technology & Media

BDO was the lead adviser on the sale of Velrada to ASG Group.

Prior to the transaction, Velrada was Australia’s largest privately owned Microsoft solutions and services partner, facilitating digital transformation projects for some of Australia’s top companies, with an increasing global presence.

Successful completion of this landmark transaction in the Microsoft ecosystem was delivered following a dual track process which contemplated multiple deal options, including listing on the ASX or divestment. The process saw strong global interest from trade players and financial investors alike.

Led by Mergers & Acquisitions Partner Tony Schiavello, and supported by Director Silvio Colaluca and Senior Manager Lachlan Cantwell, BDO was engaged as lead adviser on the successful sale of Velrada.

The transaction achieved with ASG Group is the culmination of an incredible journey for the many ‘Velradians’ which have made this all possible. We are delighted with the outcome. Tony’s strategic advice over many years as a trusted adviser has been invaluable in getting us to this point. We’d like to thank BDO’s M&A team comprising of Tony, Silvio and Lachlan for their expertise in advising us. Their attention to detail, quality of investor materials and seamless process management were first class and instrumental to the achievement of an outstanding result.