Deal profile | The Citadel Group acquires 100% of Noventus
21 June 2019
Gadens advised The Citadel Group Limited (Citadel) on its acquisition of 100% of the shares in Noventus Pty Ltd (Noventus).
Noventus is a private multi-disciplinary company specialising in servicing the defence, government, telecommunication and transportation sectors with capabilities that include, systems integration and software development, systems engineering, integrated logistics support and project management.
Successfully acquiring Noventus enables Citadel to increase the scale of its defence and national security service offering. Importantly, the acquisition provides Citadel with a panel access to a number of niche procurement environments, placing it in a strong position to win further significant Government Enterprise Information Management contracts over time.
Commenting on the transaction, Jeremy Smith said: “We are delighted to have assisted our long-standing client, The Citadel Group, on its successful acquisition of Noventus, which reinforces its position as a leading supplier to the defence and national security sector”.
Deal area: Corporate
Practice groups involved: Corporate
Key team members: Jeremy Smith (Partner, Corporate Advisory), Steven Wambeek (Associate, Corporate Advisory), Kaleb Cox (Lawyer, Corporate Advisory), Christopher Borghesi (Lawyer, Corporate Advisory) with specialist support from Siobhan Mulcahy (Partner, Employment) and Emma Moran (Senior Associate, Employment).