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Vocus' New Zealand business, Orcon, reports 2021 results ahead of public listing.

Telecommunications services provider Vocus has restructured its sales management team for New South Wales, with two new appointments. Outgoing state manager for SA/NT enterprise and government Ric Matto has been named state manager for NSW enterprise and government, while Chris Lobascher officially moved into the head of enterprise sales NSW role. “Under new management: Vocus NSW has a new sales management structure, along with confirming my new position, it's with pleasure that we announce Chris Lobascher as Head of Enterprise Sales NSW,” Matto’s post read. “Chris brings such high en...

MIRA, Aware Super in $2b debt raising for Vocus Save Share Macquarie’s MIRA and Aware Super have kicked off a massive $2 billion debt raising to acquire Vocus Group. The investors had Morgan Stanley, Deutsche Bank and Natixis launch the deal in US debt markets overnight, after weeks of pre-marketing to potential backers and ratings agencies. Skye Capital Advisory helped arrange the deal and was an adviser to MIRA. Street Talk.   Nic Walker The deal was structured as a $1.85 billion covenant-lite term loan and a $150 million delayed draw term loan, for a combined $2 billion debt packag...

Telecommunications company Vocus has agreed to be acquired by a consortium of Macquarie Infrastructure and Real Assets (MIRA) and Aware Super for $3.5 billion. The decision comes one month after MIRA first approached Vocus with an indicative and non-binding proposal for $5.50 per share. Aware Super joined the consortium a few weeks later. Vocus’ board unanimously recommended that shareholders vote in favour of the acquisition unless a superior offer is made. The scheme meeting is set for sometime in June this year and the transaction is expected to close by July. “The Vocus board is unani...

Vocus chief Kevin Russell said he still believed the New Zealand IPO would go ahead, but noted it ultimately depended on the whims of Vocus’ new owners.