First traditional search fund acquisition in Australia
November 29, 2021
by a professional from University of Sydney in Sydney NSW, Australia
Australian law firm, HWL Ebsworth Lawyers (HWLE) has advised Australian search fund, Voyager Equity, and its principal / 'searcher', Alex Simmons, on the establishment of Voyager Equity in 2019 and Voyager Equity's subsequent acquisition in November 2021 of the Inerva software business. Inerva provides software systems and associated support to Australian residential aged care providers, home and community care providers and retirement villages.
Voyager Equity is Australia's first traditional search fund and the acquisition by Voyager Equity also represents the first acquisition in Australia under this emerging alternative asset class.
I was first introduced to the search fund asset class in 2017 and made it my mission to have our law firm become the leading legal adviser to searchers in Australia. The Australian search fund corporate structure, as developed by HWLE, is based on the established US search fund model with differences to ensure compliance with Australian legal requirements.
Jamie Restas (Partner, Corporate) and Shane Lloyd (Special Counsel, Corporate) lead HWLE's search fund practice and assisted Voyager Equity and Alex Simmons. HWLE arguably is the longest standing legal adviser to searchers in Australia and continues to assist a number of other Australian searchers who have established their search fund or are in the process of doing so.
in Barrington, IL 60010, USA
The question here is, who’s getting flucked! Follow me on this, so the government raises the Federal minimum wage to $15.00 an hour, which raises the income of most lower and middle class families (all good right), but then of course, businesses will raise their prices to cover their increased overhead costs. So although individuals will have a higher income, they will be paying more for the goods and services which they buy. There is an old saying in poker, “when you sit down at the table, if in the first fifteen minutes you haven’t figured out who the mark is, you’re the mark”. Yes, individuals will have a higher income, but that will be offset by the increased costs of goods and services which they buy.
The winner in all of this is the government, because if individuals will have higher incomes, it means that they will be paying higher taxes and if as proposed, the government raises taxes on the wealthy as an excuse to offset the costs of their social programs, then businesses will have to pay more in taxes, which will dampen any incentive they may have to grow their businesses, but it will incentivize them to automate their systems and replace humans with robots & machines. https://bit.ly/Rob-o-Jobs ; confirming this, according to a recent interview on CBS 60 Minutes, with a Dr. Kai-Fu-Lee, former head of Google in China, “In the next 15 Years, 40% of all jobs globally will be replaced by Artificial Intelligence and technology”. https://bit.ly/JobsLess . So, have you now figured out who the big winner is in all of this and who is the mark?
Additional Info: Is A I the solution to the future or the futures problem https://bit.ly/AIvsHmnty