Major New Investor for INVeSHARE
Computershare Limited (ASX:CPU) has agreed to invest approximately $10 million to acquire approximately 25% of the capital of Morrison Cohen client INVeSHARE Inc. Under related arrangements, Computershare has also been granted options that will allow it to move to full ownership of INVeSHARE during specified windows in 2018 or 2019 at a valuation based on the financial performance of the business at that time.
INVeSHARE provides shareholder communications services in the US market, delivering regulated shareholder materials to investors in paper and electronic form.
INVeSHARE CEO Davidi Gilo said “Computershare is an outstanding provider of investor services and uniquely positioned in the North American markets. The complementary nature of Computershare's investor communications services and INVeSHARE's sophisticated technology services will produce tangible benefits to broker-dealers, their clients and issuers. We are very excited about this new chapter in our business evolution and are looking forward to working with our existing and prospective clients to mutual advantage”.
Morrison Cohen represented INVeSHARE and INVeSHARE investor Gilo Ventures in connection with the transaction.
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