THE DEAL:
The merger of Geovista and Mission Critical Group. UK-based Geovista merged with Mission Critical Group of Perth, Western Australia, in a deal which combines MCG’s advanced driller-operated geophysics instruments with Geovista’s extensive global expertise in borehole logging. By integrating Geovista’s proven systems with MCG’s instruments, the combined group offers a broad portfolio of high-precision tools designed to improve accuracy and efficiency in resource exploration around the world. The merged group, which will be branded as Geovista, expands Geovista’s global footprint and strengthens local support – MCG’s Perth office will provide manufacturing, servicing, and technical assistance to customers across mining, groundwater, geotechnical, and environmental sectors.
OUR ROLE:
We were retained to advise Geovista on its combination with MCG in a cross-border merger transaction. We advised on the merger process from initial discussions and information exchanges to the negotiation and agreement of detailed transaction terms encompassing the two groups of shareholders working together as a single entity post-transaction. The all-paper deal involved reaching agreement on valuation of both parties for which we undertook a pro-forma financial consolidation of Geovista’s existing international businesses with normalisation adjustments before applying the principles of valuation. We then assisted in drawing up the principal terms of a shareholders’ agreement and connected articles of association before introducing appropriate legal advisers and managing the process of documenting and negotiating the final terms to conclude the transaction expeditiously.
WHAT OUR CLIENT SAID:
‘We are grateful for the support of Cattaneo who guided us through unfamiliar territory, helping us understand and negotiate the complexities of the transaction..’
Seghir Messamah, Chairman, Geovista
