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Maddocks advises Render Networks on sale

• 02 June 2022 • 2 min read
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Maddocks has advised the founders of digital network construction business Render Networks on the sale of a majority stake in the group to IFM Investors.

The transaction is another example of Maddocks’ expertise in advising business founders on their sale and partnership transactions.

Render Networks is a construction technology and enterprise SaaS company based in Melbourne. It was co-founded in 2013 by Dan Flemming, former head of construction at NBN Australia, and Joe Forbes of Biarri, a commercial mathematics incubator of B2B SaaS solutions.

Render Networks uses a proprietary geospatial construction platform to build networks more efficiently. The transaction also included an investment of growth capital by IFM Investors to take Render Networks to its next phase of growth.

The core Maddocks team was led by Corporate Partner Damien Wurzel with the support of Senior Associate Steven Tang, and lawyers Jack Coventry, Linda Delli Cicchi and Nick Worth. Partner Leigh Baring and Special Counsel Andrew Wright provided tax and revenue support, while Partner Brendan Tomlinson and Special Counsel Gregory Palumbo advised on IP and IT aspects of the transaction.

IFM was advised by PwC Australia, Gilbert & Tobin and Altman Solon.

Maddocks has a strong track record in advising founders, including having acted on high value transactions for the founders of Camp Australia, HPS Group, Sushi Sushi, Annex Foods and Pryde’s Tuckerbag.

About Maddocks

Maddocks is a proudly independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across the education, government, healthcare, infrastructure and technology sectors, from our Canberra, Melbourne and Sydney offices. Our specialist expertise includes dispute resolution and litigation, employment and safety, financial services, franchising and insolvency.

For more information:

Lisa Macnamara
Head of Communications
Tel: 02 9291 6114
Lisa.Macnamara@maddocks.com.au

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