Infomedia Ltd has been officially acquired by McQueen BidCo, with shareholders receiving $1.671 per share following dividend adjustments. The company is now delisted from the ASX, marking a significant transition under new ownership.
- Acquisition of Infomedia by McQueen BidCo completed via scheme of arrangement
- Shareholders paid $1.671 per share after FY25 and special dividend adjustments
- Key directors resign following scheme implementation
- Infomedia shares suspended and delisted from ASX as of 3 December 2025
- New ownership controlled by TPG Capital-managed Singapore entity
Scheme Completion and Shareholder Payment
Infomedia Ltd (ASX, IFM) has officially transitioned into private ownership following the successful implementation of a scheme of arrangement with McQueen BidCo Pty Ltd. The acquisition, managed by an investment entity linked to TPG Capital in Singapore, culminated on 3 December 2025, with McQueen BidCo now holding all issued shares of Infomedia.
Shareholders received a cash payment of $1.671 per share, a figure adjusted downward from the initial $1.72 offer to account for the FY25 dividend and a special dividend paid prior to completion. This adjustment was applied uniformly, regardless of whether shareholders had received those dividends, effectively consolidating returns for investors.
Leadership Changes and Delisting
Following the acquisition, Infomedia’s board saw immediate changes with the resignation of directors Jim Hassel, Lisa Harker, Edwina Gilbert, and Joseph Powell. These departures signal a clear shift in governance as the company moves away from its public company obligations.
Trading in Infomedia shares was suspended on 21 November 2025, ahead of the scheme’s implementation. The company has now formally applied for removal from the ASX official list, effective from the close of trading on 3 December 2025, marking the end of its public market chapter.
Strategic Outlook Under New Ownership
While the announcement confirms the completion of the acquisition and associated corporate changes, details on Infomedia’s strategic direction under TPG Capital’s stewardship remain sparse. Investors and market watchers will be keen to see how the new owners leverage Infomedia’s technology and software services capabilities in a competitive sector.
The transition to private ownership often allows for more agile decision-making and longer-term planning away from the scrutiny of public markets. However, it also raises questions about future transparency and the company’s growth trajectory in the evolving technology landscape.
Bottom Line?
Infomedia’s delisting closes a public chapter, but the company’s next moves under private ownership will be closely watched.
Questions in the middle?
- What strategic initiatives will TPG Capital pursue with Infomedia now private?
- How will the leadership transition affect Infomedia’s operational focus and innovation?
- What are the implications for former shareholders and the broader ASX technology sector?