21 March 2018
Greenwoods & Herbert Smith Freehills has advised Aconex on its sale to Oracle by scheme of arrangement.
The transaction is the largest Australian public technology deal of the past 12 months, with a purchase price of $1.6bn. The tax issues primarily involved ensuring appropriate tax outcomes for Australian employees in relation to their equity incentives.
The Greenwoods team was led by Director Toby Eggleston, with assistance from Cameron Blackwood. The team worked closely with the Herbert Smith Freehills corporate team, led by Rodd Levy and Priscilla Bryans.