Latimer Partners is pleased to announce that it has acted as corporate advisor to Aussie Broadband Limited (ASX: ABB) on two significant transactions. Aussie Broadband is a fast-growing telecommunications company that is on track to become Australia’s third-largest NBN broadband service provider.
1. The sale of Digital Sense to 11:11 Systems, a US-headquartered managed infrastructure solutions provider backed by Tiger Infrastructure Partners; and
2. The acquisition of Nexgen from InfoTrust Limited (ASX: ITS), a leading provider of advanced business communication solutions.
Sale of Digital Sense to 11:11 Systems
The divestment of Digital Sense forms part of Aussie Broadband’s strategy to reset its focus on core telecommunications services. Digital Sense is a highly respected sovereign cloud platform provider headquartered in Brisbane, serving enterprise and government customers across Australia. The company operates a fully operational data centre and delivers a comprehensive suite of cloud solutions including Infrastructure-as-a-Service (IaaS), Desktop-as-a-Service (DaaS), disaster recovery and data protection services. With 87% recurring revenues and an average customer tenure of nine years, Digital Sense has built an outstanding reputation for reliability and service excellence.
11:11 Systems is a rapidly growing managed infrastructure platform delivering next-generation cloud, connectivity and security services. Backed by Tiger Infrastructure Partners, 11:11 has built a global footprint spanning over 60 cloud points of presence across North America, EMEA and APAC through a combination of organic growth and strategic acquisitions.
This transaction demonstrates Latimer Partners’ ability to manage complex carve-out processes and execute cross-border transactions, connecting Australian businesses with leading international acquirers.
Acquisition of Nexgen from InfoTrust
Founded in 2009, Nexgen has evolved into a comprehensive business technology solutions provider, with its success driven by an ability to meet the changing needs of the modern small business landscape with an innovative approach and commitment to service excellence. Nexgen collaborates with top-tier technology brands, including its principal strategic partner Cisco, and brings approximately 6,000 SME NBN customers with long-term revenue contracts of four to five years. In FY25, Nexgen generated $7.7 million in underlying EBITDA, representing a margin of 17.2%.
The acquisition delivers complementary modern business telephony solutions, data and hardware capability platforms and an agentic AI product set targeted at SMEs, creating a strengthened value proposition to drive SME growth with greater national reach. Nexgen provides Aussie Broadband an additional growth platform with an expanded national sales footprint to accelerate growth in the SME market. The transaction was completed for an upfront consideration of $44.1 million with an additional earn-out of up to $5.9 million.
Commenting on the acquisition, Aussie Broadband Chief Executive Officer Brian Maher said: “The acquisition of Nexgen is a great strategic fit and highly complementary to Aussie Broadband’s current suite of products and services. Nexgen aligns strongly with our growth ambitions as we further expand our offering and team into the future and strengthen our position in the significant SME market.”
This transaction highlights Latimer Partners’ deal sourcing capabilities and expertise in advising on acquisitions of public company subsidiaries, identifying and securing attractive targets for our clients.
These transactions further reinforce Latimer Partners’ strong track record in the IT and Communications sector, where we have advised on over 20 transactions. They demonstrate our ability to work successfully with larger ASX-listed companies on complex transactions, leveraging our deep expertise across both sell-side and buy-side mandates.
About Latimer Partners
Latimer Partners provides independent corporate finance advice to companies and investors operating in the digital economy across Australia and New Zealand. We act as trusted advisors throughout the corporate lifecycle, from raising private capital for high-growth businesses to orchestrating complex cross-border M&A transactions for private equity investors and public companies. We combine deep sector expertise with extensive relationships across strategic and financial buyers globally to deliver exceptional outcomes for our clients.
Latimer Partners is the exclusive affiliate of Arma Partners, Europe’s leading financial advisor to digital economy companies. Further information at www.latimer.partners.