Hamilton Locke is delighted to have assisted Lexicon Digital, an Australian based technology consulting, design and engineering firm, on its sale to the British NYSE-listed software development company, Endava plc.
Lexicon was founded in 2016 by Chris Carydias and has 127 billable staff in Australia and Vietnam. Lexicon partners with clients to build new digital solutions or accelerate digital transformation programs and has won various awards, including Deloitte’s Technology Fast 50 in 2022, CRN Fast 50 2022 and 2021, LinkedIn Top Startups 2021 and Great Place to Work 2022-23.
Endava is a global software development company based in London and listed on the NYSE. Endava services clients in payments and financial services, TMT< consumer products, retail, mobility and healthcare all around the world.
Commenting on the transaction, Hamilton Locke Partner, Brent Delaney said: “We are proud to have assisted the Lexicon team achieve such a great milestone and it’s always a pleasure working with Equiteq as corporate advisors. Lexicon has grown at a rapid rate since its inception and I’m sure that growth will continue as part of the Endava group.”.
The team at Hamilton Locke comprised Partner Brent Delaney, Senior Associate Joshua Bell, and lawyer Lorenzo Ricchi. Stephen Vrettos (Senior Associate) also assisted with diligence. Lexicon was also advised by Equiteq Australia (corporate advisory) and KPMG (tax).
The acquisition was publicly announced by Endava plc. prior to market opening on 6 October 2022. For more information, please follow this link.
