Herbert Smith Freehills has advised Ansarada on its A$24 million Series A capital raise, led by Ellerston Capital together with other cornerstone investors Tempus Partners and Australian Ethical Investments.
Ansarada is known for its market leading virtual data room platform which is frequently used in M&A transactions. Ansarada has recently created a new product – the Material Information Platform – an ‘always on’ platform which allows businesses to uncover risks and opportunities in their ongoing operations and to prepare themselves for a critical event such as a sale transaction, capital raise or initial public offering.
Ansarada’s platforms utilise artificial intelligence and machine learning to make critical information readily accessible and to give companies and their advisers better efficiency and less risk in deal preparation.
The Herbert Smith Freehills team was led by partner Peter Dunne (picture), supported by senior associate Sami Wilson, solicitors Tom Hoare and Ben Waterfall, and graduate William Hanna.
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