Infomedia Ltd shareholders have overwhelmingly approved a scheme of arrangement for acquisition by TPG Capital, valuing the company at approximately AUD 651 million. The deal, supported by the board and an independent expert, is set to complete by early December 2025.
- Scheme values Infomedia at AUD 651 million with $1.72 per share offer
- Board and independent expert unanimously recommend scheme approval
- Regulatory approvals secured; court approval pending
- General Meeting approves $41 million Bidder Loan to fund acquisition
- CEO highlights strong financial growth and strategic transformation
A Definitive Step in Infomedia’s Ownership Transition
Infomedia Ltd (ASX – IFM) shareholders convened concurrently for the Scheme Meeting, General Meeting, and Annual General Meeting on 18 November 2025, marking a pivotal moment in the company’s trajectory. The primary agenda was the approval of a scheme of arrangement for a full acquisition by McQueen BidCo Pty Ltd, an entity managed by Singapore-based private equity firm TPG Capital.
The proposed acquisition values Infomedia’s equity at approximately AUD 651 million, translating to an offer price of $1.72 per share, adjusted for dividends paid since the agreement’s announcement in August. This price represents a substantial premium of 30% to the last closing share price before the deal was announced, underscoring the attractiveness of the offer to shareholders.
Strong Endorsement from Board and Independent Expert
The Infomedia Board has unanimously recommended shareholders vote in favor of the scheme, emphasizing the absence of any superior proposals and the positive assessment from Grant Thornton, the appointed Independent Expert. The expert concluded that the scheme is fair and reasonable, with the offer price sitting comfortably in the upper half of the assessed valuation range for Infomedia shares.
Importantly, all regulatory hurdles have been cleared, including approvals from the Australian Competition and Consumer Commission, German regulators, and the Foreign Investment Review Board. The final step remains court approval, scheduled for 21 November 2025, which is expected to pave the way for scheme implementation in early December.
Funding the Deal – The Bidder Loan Resolution
Alongside the scheme approval, shareholders also endorsed a $41 million Bidder Loan Agreement at the General Meeting. This loan, provided by Infomedia to the bidder, is designed to facilitate efficient funding of the acquisition consideration. The board clarified that this loan will not affect the net proceeds received by shareholders under the scheme but is a necessary condition for the transaction’s completion under the Corporations Act.
CEO Reflects on Strategic Growth and Future Prospects
Infomedia’s CEO Jens Monsees took the opportunity during the Annual General Meeting to highlight the company’s transformation over the past three years. Under his leadership, Infomedia has shifted decisively towards a product-led SaaS and DaaS model, achieving nearly 99% recurring revenue and expanding its global footprint. Financially, the company has delivered a 46% increase in free cash flow and a 42% growth in underlying cash EBITDA, reflecting robust operational execution.
Monsees also acknowledged the team’s efforts in managing the business through the acquisition process, expressing optimism about the company’s future under new ownership and its ability to continue delivering value to customers and shareholders alike.
Looking Ahead
With shareholder and regulatory approvals largely secured, the focus now shifts to the Supreme Court’s endorsement and the subsequent implementation of the scheme. If all proceeds as planned, Infomedia will transition to private ownership under TPG Capital by early December, closing a significant chapter in its public market journey and opening new avenues for growth and innovation.
Bottom Line?
Infomedia’s acquisition by TPG Capital is poised to reshape its future, but investors will watch closely as court approval and scheme implementation unfold.
Questions in the middle?
- Will the Supreme Court grant final approval without conditions or delays?
- How will the $41 million Bidder Loan impact Infomedia’s liquidity post-transaction?
- What strategic changes will TPG Capital implement following the acquisition?