Addisons was the legal adviser to B2B information services company Kyckr (ASX: KYK) (Kyckr) on its acquisition by RealWise KYK AV Pty Ltd (RealWise) by scheme of arrangement, which became effective on 25 October 2022.
Kyckr was listed on the ASX in 2016 and is a leading global provider of real-time company registry information on over 120 million businesses, sourced from 300+ primary regulatory sources across 100+ countries. Kyckr’s solutions support businesses to protect against fraud, money laundering and financial crime. RealWise is an entity 100% owned by Mr. Richard White.
In early July 2022, Kyckr confirmed it had entered into a Scheme Implementation Deed with RealWise, under which RealWise would acquire 100% of Kyckr by way of a Court-approved scheme of arrangement for a cash price of 8.0 cents per Kyckr share.
Corporate Partner Li-Jean Chew led the Addisons team advising Kyckr. Li-Jean was supported by Consultant Jeff Mansfield and Senior Associate Chuanchan (CC) Ma. Addisons’ litigation team, including Special Counsel Hayden Martin and Solicitor Tara Koh also advised on the deal.
Addisons’ lead partner Li-Jean Chew said, “We’re delighted to have supported Kyckr on this significant transaction. We look forward to seeing the business continue to grow and develop under RealWise’s ownership.”
Kyckr was advised on the scheme by Latimer Partners as corporate adviser and Addisons acted as legal adviser. Macquarie Capital was the corporate adviser and Gilbert + Tobin was the legal adviser to RealWise.