Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Seequent and Murray & Co win M&A transaction of the year


CHRISTCHURCH, NZ, 23 May, 2019
- Seequent, a world leader in the development of 3D geological modelling and visual data science software, and New Zealand investment bank Murray & Co were named winners of the Chapman Tripp – M&A Transaction of the Year at the 2019 INFINZ Awards.

The INFINZ Awards, facilitated by the Institute of Finance Professionals in New Zealand Inc. (INFINZ), celebrate excellence in the financial and capital markets eco-system in New Zealand. The M&A Transaction award recognised Seequent’s growth equity investment agreement with Accel-KKR, a leading Silicon Valley technology focused private equity firm, and Seequent’s subsequent acquisition of Canadian geoscience software company Geosoft.

Shaun Maloney, Chief Executive of Seequent, says the company’s goal is to better equip their global customers as they work to address some of the world’s biggest earth, environment and energy challenges.

“2018 was a defining year for Seequent in terms of delivering on our global vision. With the support of longstanding shareholder Pencarrow Private Equity, who are a highly collaborative partner, we sought out an international investor with world leading networks and expertise. Accel-KKR’s investment and additional support allowed us to further drive our rapid global expansion with new market development and product innovation, and strengthened our acquisition position.”

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

Seequent acquired Geosoft in late 2018 to bring together its Leapfrog 3D geological modelling software suite with Geosoft’s subsurface geoscience and exploration data-driven technology, under Seequent.

Maloney says, “We’ve created an unparalleled subsurface offering for the mining, civil engineering, energy and environmental sectors that enables our collective customers to work seamlessly across the life cycle of their projects.”

The INFINZ Awards judges noted that ‘the back to back transactions were transformational for the company creating a global geoscience software enterprise supported by specialist investors in software and technology-enabled services businesses. These transactions were well planned and executed and each in their own right was amongst the largest NZ software M&A transactions ever implemented.’

Murray & Co acted as sole financial advisor to Seequent for its growth equity investment agreement with Accel-KKR and then for the subsequent acquisition of Geosoft, Inc.

“Seequent’s acquisition of Geosoft demonstrated Accel-KKR’s commitment to growing Seequent and is a great example of outbound M&A from New Zealand,” says Justin Murray, Murray & Co’s Executive Chairman.

Seequent’s strong growth over many years, and acquisitions such as QG, 3Point Science and most recently Geosoft, as well as, partnerships with companies such as IMDEX, have added substantial new capability and options to enter new market sectors. Seequent continues to grow as a global leader in geoscience analysis, modelling and communication, with an increasing array of geoscience solutions.

Maloney says "the current climate where companies face increasingly complex technical, socio-political and environmental challenges, Seequent’s focus is on accurately characterising the subsurface to give people and organisations a greater understanding for decision making.”
The 2019 INFINZ Award continues a run of awards recognition for Seequent. The company was named the Supreme Award winner at the 2018 New Zealand International Business Awards and ‘Export Innovator of the Year’ at the New Zealand Innovation Awards 2017.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.