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.”

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

 
 
 
Business Headlines | Sci-Tech Headlines

 

Science Media Centre: Funding For R&D In New Zealand – Expert Reaction

Research, Science and Innovation Minister Dr Megan Woods has today announced $401.3 million funding for research and development through Budget 2020 and the COVID Response and Recovery Fund. The fund includes $150 million for an R&D loan scheme, ... More>>

ALSO:

Maritime NZ: NZ Joins Global Initiative Keeping Ports Open And Freight Moving

New Zealand has joined an international port authorities’ global initiative for safe and efficient movement of goods and shipping during the COVID-19 crisis. World-wide, 56 port authorities have agreed how they will work together facilitating maritime ... More>>

ALSO:

National: National Backs Businesses With $10k JobStart

National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced. Our JobStart ... More>>

ALSO:

DIY Law: Government Exempts Some Home Improvements From Costly Consents

Homeowners, builders and DIYers will soon have an easier time making basic home improvements as the Government scraps the need for consents for low-risk building work such as sleep-outs, sheds and carports – allowing the construction sector ... More>>

ALSO:

Media Awards: The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards

The New Zealand Herald has been labelled a “powerhouse news operation” as it claims the two biggest prizes – Newspaper of the Year and Website of the Year – along with many individual awards at the 2020 Voyager Media Awards Website of the ... More>>

ALSO:

ASB Bank: ASB Takes The Lead Again With New Low Home Loan Interest Rate

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a. Craig Sims, ASB executive general manager Retail Banking says the reduced rate will be welcome news for many ... More>>

ALSO:

Nathan Hoturoa Gray: The Problems With Testing And Case Statistics For Covid-19

To begin to understand disease transmission in a country requires adequate testing of your population with properly vetted, accurate tests. As the world struggles to find what 'adequate percentage' of the population is necessary, (estimates predict ... More>>

ALSO:

RNZ: Fletcher Building To Lay Off 1000 Staff In New Zealand

The construction company will cut around 10 percent of its workforce as it struggles with the fallout from Covid-19. More>>

ALSO:

Can Pay, Won't Pay: Cashflow Moves Urged

Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses. More>>

ALSO:

Gordon Campbell: On Why We Should Legally Protect The Right To Work From Home

For understandable reasons, the media messaging around Level Two has been all about “freedom” and “celebration”, but this is not necessarily going to be a universal experience. When it comes to workplace relations, Level Two is just as likely to ... More>>

ALSO:



New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO:


Science Media Centre: Understanding 5G Concerns – Expert Q&A


Recent attacks on cell phone towers have brought concerns over the rollout of 5G technology into sharp relief.
While scientific research has consistently shown that the technology does not adversely affect human health, public concerns about its impact have spread around the world, fueled in part by growing misinformation online. The SMC asked experts to comment... More>>

ALSO:


Trade: Record Monthly Surplus As Imports Dive

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest ... More>>

ALSO:


Media Blues: Stuff Chief Executive Buys Company For $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
The chief executive was returning the company to New Zealand ownership, with the sale is expected to be completed by 31 May.
"Our plan is to transition the ownership of Stuff to give staff a direct stake in the business as shareholders," Boucher said in a statement.... More>>

ALSO:

RNZ: Bar Reopening Night 'much, Much Quieter'

Pubs and bars are reporting a sluggish first day back after the lockdown, with the fear of going out, or perhaps the joy of staying home, thought to be a reason for the low numbers. More>>

ALSO:

Stats NZ: New Zealand’s Population Passes 5 Million

New Zealand's resident population provisionally reached 5 million in March 2020, Stats NZ said today. More>>

NIWA: Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist

Seven weeks of lockdown has provided evidence of how pollution can vanish overnight with benefits for the environment and individuals, says NIWA air quality scientist Dr Ian Longley. Dr Longley has been monitoring air quality in Auckland, Wellington ... More>>

ALSO:

Government: Milestone In Cash Flow Support To SMEs

A significant package of tax reforms will be pushed through all stages in Parliament today to throw a cash flow lifeline to small businesses. More>>

ALSO: