Kain Lawyers has advised the owner of Jackson Care Technologies (‘JCT’), the Adelaide based company that manufactures and supplies quality communication solutions to the healthcare sector, on its successful sale of the JCT to ASX listed Xped Limited (ASX:XPE).
The transaction represents a first for Xped, enabling it to integrate its proprietary ADRC technology into JCT products sold into the healthcare markets. Xped’s ADRC technology enables any consumer, regardless of technical capability, to easily connect, monitor and control ever day electronic devices from a smart phone application.
Gerry Cawson, Michael Garry and Brian Vuong from Kain Lawyers advised JCT.
“Kain Lawyers did an excellent job for us” commented JCT CEO and owner Eddie Jackson. “The deal with Xped provides exciting opportunities to grow the JCT healthcare solutions business through Asia and North America. Kain Lawyers took the time to properly understand our commercial objectives and provided us with certainty that we’d achieve the legal and commercial outcomes we were seeking”.
Eddie Jackson, who will remain CEO of the JCT business under Xped’s ownership, noted that Kain Lawyers cut through the complexity. “I’ve not previously had to work within the framework applicable to listed companies. The team at Kain Lawyers were always happy to make the complex more simple. Their decisive advice and recommendations throughout the process kept things on track.”
“As is often the case when a listed company is involved in a deal, meeting the required time frames involved a few late nights for the team”, noted Kain Lawyers’ Director, Gerry Cawson. “Eddie still had a business to run while the deal was ongoing, so it was important not to get in the way of that while we helped him meet his goals”.
Kain Lawyers, alongside JCT’s business advisers BDO, were involved in every stage of the transaction from agreeing the heads of agreement, assisting with due diligence investigations, advising on regulatory issues impacting on the deal and negotiating and documenting the final commercial terms.
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