ATA - Atturra Limited

[System]

Atturra Limited is a leading privately owned Australian technology services business. Formed in 2015, Atturra is a leader in designing, implementing and maintaining IT solutions for many of Australia’s largest private and public entities.

Atturra provides expertise across a broad range of specialist in-demand IT areas to deliver solutions to clients. Atturra uses transformative and market leading technologies and business applications that enable digital transformation.

Atturra engages over 500 consultants, IT and support personnel in Sydney, Melbourne, Brisbane, Canberra, Adelaide, Perth, New Zealand and Singapore. This includes over 200 security cleared personnel that enables Atturra to undertake work with Federal Government, Defence and National Security organisations.

It is anticipated that ATA will list on the ASX on 22 December 2021.

Home - Atturra

Atturra [ASX:ATA] offers technology and advisory services, enabling companies to unlock the value from their data, technology, and people while simplifying processes, modernising IT, and optimising enterprise technology with agility and speed.

atturra.com

 

[Dona Ferentes]

Listing date	22 December 2021 ; 10:30 AM AEDT ##
Contact details	https://atturra.com/au-en/ Ph: +612 9657 0999
Principal Activities	Technology Services
GICS industry group	TBA
Issue Price	AUD0.50
Issue Type	Ordinary Fully Paid Shares
Security code	ATA
Capital to be Raised	$24,800,000
Expected offer close date	08 December 2021
Underwriter	Morgans Corporate Limited and Shaw and Partners Limited (Joint Underwriters/Lead Managers).

 

[Dona Ferentes]

and list it did. now 55c and has been trading in the 50c to 60c range for the past 2 months.Market cap now $112million.

In Jan, Atturra acquired leading manufacturing ERP implementation business to extend ERP services
Highlights:
• Atturra to acquire Kettering, an enterprise resource planning (ERP) solutions provider based in Brisbane, Australia which specialises in the implementation, management and ongoing support of ERP solutions in the manufacturing sector.
• Consistent with the trading update on 22 December 2021, the key business metrics continue to show strong performance and Atturra is on track to meet its prospectus EBIT forecast.
• The contribution of Kettering Acquisition is accretive to the prospectus forecast, the Company expects that the Acquisition will contribute positively to Atturra FY22 results.
• The Acquisition will make Atturra a market leader in QAD ERP solutions in Australia and will increase Atturra’s manufacturing client base to over 50.
• The Acquisition will provide several other Atturra business units, such as Atturra Cloud Applications, Atturra Data and Integration and Atturra Business Applications opportunity to extend their business services into Kettering’s client base.
• Upfront consideration of $3M in cash with earn-out consideration of up to $2.25M of cash subject to Kettering achieving performance hurdles based on audited EBIT targets for FY22, FY23 and FY24. The consideration will be funded from internal cash reserves.


Noticed that Mirrabooka has a small (its smallest) stake, at $500K (from IPO?)

 

[Dona Ferentes]

30 June 2022:
Atturra (ATA) to acquire 100% of the fully diluted share capital of MOQ Limited (ASX code : MOQ) via Scheme of Arrangement
▪ Cash consideration of $0.05 for every 1 MOQ share held
▪ Represents a total offer value of $15.5 million

05 August 2022:
All cash offer from ATA to Acquire MOQ Limited increased to $0.06 per MOQ Share

08 August 2022:
MOQ confirms receipt of Superior Proposal
• MOQ Board has determined a competing proposal for $0.066 cash per MOQ share by way of a scheme of arrangement to be a Superior Proposal.
▪ Further to that announcement, MOQ wishes to advise that the third party bidder is Brennan VDI Pty Ltd ACN 125 976 007.

10 August 2022
Market Announcement
MOQ Limited (ASX: MOQ) ... Trading Halt

10 August 2022
Market Announcement
Atturra Limited (ASX: ATA) ... Trading Halt

 

[Dona Ferentes]

and got the Cirrus Networks CNW acquisition over the line, recently

now has a $190 million cap

 

[Dona Ferentes]

and adding to the mix. Which has helped lift ATA off recent lows. Market cap a bit over $200M

.
Atturra to acquire Exent to bolster its digital and transformation advisory and consulting capabilities

Key highlights:
• Atturra Limited, through its subsidiary Atturra Advisory Pty Ltd to acquire Exent Holdings Pty Ltd .
• Upfront consideration for Exent is $6m in cash, with earn-out/post-completion consideration of up to $2m in cash, subject to Exent achieving first half FY25 performance hurdles.
• Strategically aligned acquisition of Exent helps Atturra extend its advisory and consulting capabilities outside of Canberra and Defence and expand the practice nationally.
• The purchase price, including upfront and deferred consideration, is calculated on a multiple of 6.5x forecast EBITDA contribution to Atturra in FY25.

 

[Dona Ferentes]

niw $1.14, a high since listing 3 years ago. up a few percent today:

Atturra notes recent media speculation by The Australian that the Company may be considering an acquisition of Plan B from The Growth Fund. As previously announced to the ASX on 12 December 2023, Atturra has an active M&A strategy and is in ongoing conversations with several companies, and can confirm that one of these companies is Plan B.

However, at this stage, the discussions between Atturra and The Growth Fund are preliminary andincomplete. There is no guarantee or assurance that the transaction can be agreed and will proceed on terms acceptable to Atturra.

 

[Dona Ferentes]

trading at $1.10 .. on the acquisition pathway

Placement to raise approximately $60.5 million and share purchase plan to raise up to $6.1 million.

Key highlights:
• Two tranche placement and SPP, both to be conducted at $1.05 per Atturra share to raise funds of up to $66.6 million to be utilised to fund inorganic growth opportunities and provide balance sheet flexibility.
• Tranche 1 placement funds of approximately $26.5 million to be raised from institutional and sophisticated investors utilising the Company's existing placement capacity.
• Tranche 2 placement funds of approximately $34.0 million committed from substantial shareholder 263 Finance Pty Limited, controlled by Director Shan Kanji (subject to shareholder approval) representing pari passu participation in the Placement. EGM to be held on 19 December 2024.
• Non-underwritten SPP with a maximum value of $6.1 million to be launched on 20 November 2024. ATA reserves the right (in its absolute discretion) to scale back applications.
• Atturra is currently in advanced discussions to undertake three separate acquisitions, each complementing different areas of the business, which, if executed, are expected to contribute a combined $6.5m-$7.5m of full year FY26 EBITDA. If completed, the total combined consideration for the three acquisitions is expected to be approximately $45 million (including potential earnouts payable on a deferred basis and a small component ofscrip consideration).
• If all executed, the acquisitions are expected to be EPS accretive on a FY25PF run-rate basis
• Proceeds from the equity raise will be used to fund the three acquisitions if they proceed and provide balance sheet flexibility for Atturra to pursue further inorganic growth as the company continues to execute on its significant pipeline of acquisition opportunitie