• Grant Thornton advises on the successful sale of Kinetic

Grant Thornton congratulates the shareholders of Kinetic Information Systems, a leading specialist provider of IT software and consulting to the community housing sector, on their sale to Castleton Technology plc (AIM:CTP).

Grant Thornton has partnered with Kinetic since 2012, seeing the business grow from its humble beginnings to the owners' eventual exit, which has resulted in a great outcome for all parties.

We were pleased to work with Kardos Scanlan as legal advisors to the company and the team at Castleton Technology and their advisors from MXC Capital and Corrs Chambers Westgarth. We look forward to following the success of the company as it continues to expand in the community housing sector and wish Castleton and the management team great success in the future.

This great result reinforces the continued appetite for Australian technology businesses as seen in our Dealtracker 2017 report. We continue to see increased opportunities to assist owners on their succession journey with good planning and execution being key to realising superior value for their efforts.

If you have been contemplating your succession planning over the break, please reach out to one of our transaction specialists around the country as sound advice early-on can make a significant difference to your final outcome.