The Supreme Court of New South Wales has approved the acquisition of Infomedia Ltd by a TPG-managed entity, setting a clear path for the scheme’s implementation and a special dividend payout.
- Supreme Court of NSW approves Infomedia acquisition scheme
- Scheme becomes legally effective upon ASIC lodgement on 21 November 2025
- Infomedia shares suspended from ASX trading from close of 21 November
- Fully franked special dividend of 2.9 cents per share payable on 28 November
- Scheme consideration adjusted to $1.671 per share with completion expected 3 December
Court Approval Clears Acquisition Path
Infomedia Ltd (ASX – IFM) has reached a pivotal milestone in its acquisition journey, with the Supreme Court of New South Wales granting formal approval to the scheme of arrangement proposed by McQueen BidCo Pty Ltd. This entity, backed by TPG Capital’s Singapore-managed investment vehicle, aims to acquire all issued shares of Infomedia, a notable player in the software and IT services sector.
The court’s endorsement, announced on 21 November 2025, marks a critical legal green light, enabling the scheme to become binding on Infomedia shareholders once the court orders are lodged with the Australian Securities and Investments Commission (ASIC). This procedural step is expected to occur immediately, triggering the suspension of Infomedia shares from trading on the ASX at the close of the same day.
Special Dividend Sweetens the Deal
In conjunction with the acquisition, Infomedia shareholders will receive a fully franked special dividend of 2.9 cents per share, payable on 28 November 2025. This dividend is set against a backdrop of the original scheme consideration of $1.72 per share, effectively reducing the net acquisition price to $1.671 per share after accounting for the dividend payout.
The special dividend serves as a final return of value to shareholders prior to the completion of the takeover, reflecting the company’s confidence in delivering shareholder value even as it transitions to private ownership under TPG’s stewardship.
Key Dates and Next Steps
The timeline for the scheme’s implementation is now firmly outlined. The special dividend record date is set for 7 – 00 pm Sydney time on 25 November 2025, with the payment following three days later. The scheme record date, which determines entitlement to the acquisition consideration, falls on 1 December 2025. The final scheme implementation date and payment of the acquisition consideration are scheduled for 3 December 2025.
While these dates are indicative and subject to change, Infomedia has committed to keeping the market informed of any adjustments. The orderly progression of these events will culminate in the company’s delisting from the ASX and integration into TPG’s portfolio.
Market and Strategic Implications
This acquisition underscores TPG Capital’s ongoing interest in the technology sector, particularly in companies with strong software and IT service offerings. For Infomedia, the deal offers shareholders a premium exit and the potential for the company to pursue strategic initiatives away from the public market’s short-term pressures.
Investors will be watching closely for any post-acquisition strategic shifts or operational changes under TPG’s management, as well as the broader impact on the software services landscape in Australia and the region.
Bottom Line?
With court approval secured, Infomedia’s transition to private ownership is imminent, reshaping its market presence and shareholder returns.
Questions in the middle?
- What strategic changes will TPG implement post-acquisition?
- Could the scheme timetable face any unexpected delays or conditions?
- How will Infomedia’s suspension from trading affect short-term market dynamics?