Pacific Equity Partners cancelled the acquisition of ReadyTech Holdings Limited from the group of shareholders.
The Proposal is subject to a number of conditions including completion of satisfactory due diligence, negotiation and execution of transaction documentation, obtaining binding commitments from debt financiers, final investment committee approval, shareholders, court, certain regulatory and other approvals and other customary conditions precedent. Jefferies (Australia) Pty Ltd acted as a financial advisor, Corrs Chambers Westgarth acted as a legal advisor to Pacific Equity Partners.
Pacific Equity Partners cancelled the acquisition of ReadyTech Holdings Limited (ASX:RDY) from the group of shareholders on December 22, 2022. Pacific Equity Partners Pty Limited has withdrawn its Current Proposal and is working on an alternative proposal that could deliver AUD 4.50 per share consideration.