Australia's leading independent law firm, Corrs Chambers Westgarth, has advised Warburg Pincus on its proposed acquisition of Commercial Credit Holdings Limited, the holding company of CreditorWatch, by way of a scheme of arrangement.
Warburg Pincus is a leading global private equity firm with more than US$105 billion in assets under management. CreditorWatch is a leading Australian commercial credit reporting and risk analytics platform, serving more than 10,000 customers and employing over 230 people.
The transaction was led by head of corporate Sandy Mak and corporate partner Adam Foreman, supported by special counsel Mary Brady and senior associate Steph Craw, and a team of experts across the firm's intellectual property, regulatory, employment, labour and safety, real estate, banking and finance, tax and litigation practices.
Commenting on the matter, Corrs head of corporate, Sandy Mak said: "We are delighted to advise Warburg Pincus on this significant transaction. CreditorWatch has built a leading credit reporting and business intelligence platform, and Warburg Pincus' investment positions the business strongly for its next phase of growth, innovation and expansion."
Adam Foreman added: "The transaction highlights Corrs' expertise in advising global private equity sponsors on significant Australian M&A transactions and reinforces Corrs' reputation as an Australian law firm of choice for complex transactions in the technology sector."