Herbert Smith Freehills has advised Dimension Data Australia in relation to its proposed acquisition of Oakton Limited (Oakton) by way of scheme arrangement for A$171 million.

Dimension Data is an ICT services provider owned by Japan’s Nippon Telegraph and Telephone Corporation (NTT). Its acquisition of Oakton, a technology and consulting services company, will significantly expand Dimension Data’s presence in Australia and allow it to provide the type of end-to-end solutions that its clients are seeking.

The Herbert Smith Freehills team was led by Melbourne partners Raji Azzam and Rodd Levy, with support from senior associate Zoe Leyland. The team worked closely with Dimension Data’s senior management team in Australia, and also liaised with the company’s legal and commercial teams based in South Africa.

Raji Azzam said: “We are very pleased to be working closely with Dimension Data on this important transaction.”

The scheme of arrangement is subject to Oakton shareholder approval, as well as other conditions such as Court approval. Oakton expects to seek shareholder approval in November 2014.

JP Morgan was the financial adviser for Dimension Data. Oakton was advised by Bank of America Merrill Lynch and Minter Ellison.