MinterEllison has advised CommsChoice Group on its IPO and ASX listing, which raised $A7.5 million, on a market capitalisation on listing of $A26 million.

MinterEllison has advised CommsChoice Group Limited (ASX: CCG) on its acquisition of five complimentary information and communications technology (ICT) service providers, its initial public offering (IPO) and ASX listing.

The new publicly-listed ICT services player successfully raised $A7.5 million under the offer and a market capitalisation on listing of approximately $A26 million (based on the offer price).

The deal creates a comprehensive vendor agnostic managed service provider.

CCG's vendor agnostic position allows it to optimise ICT delivery for clients, including: managed data, voice, mobile and Cloud solutions, services and equipment

"The services CCG provides are critical to the efficient operations of almost 3,000 clients globally," said MinterEllison partner David Schiavello.

    “The IPO attracted significant support from investors and we are proud to have helped drive CCG to this successful outcome.”
    David Schiavello, Partner, MinterEllison

"The IPO attracted significant support from investors and we are proud to have helped drive CCG to this successful outcome," said Mr Schiavello. "The group is extremely well positioned for growth with current and emerging ICT industry trends."

The company currently employs more than 50 staff across offices in Sydney, Melbourne, Philippines and Singapore.

MinterEllison advised on all aspects of the five acquisitions, IPO and ASX listing.

The MinterEllison team was led by partner David Schiavello, and supported by Hannah Dixon, Dan Kerr, Simon Kroger, Annabelle Healey, Alexander Persano, Desiree Chong and Robert Yunan.