CBW partners was pleased to advise Cloud Central Pty Ltd on the proposal to be acquired by Dromana Estate Ltd (ASX:DMY) by way of backdoor listing.
Cloud Central is an emerging computing business currently generating revenue from over 200 active customers across Australia.
CBW partner acted for the venders of Cloud Central advising on the acquisition process and its implications under the Corporations Act and ASX Listing Rules.
Lead Partner on the transaction, Brett Burns was quoted as saying:
“After a reasonably quite IPO/backdoor listing market post the GFC it’s good to see activity back in the market this financial year. More particularly, it is good to see a shift back to listings of some non-mining related businesses.”