Hamilton Locke recently advised Workwell Technologies Inc. (Workwell Tech), a portfolio company of US private equity fund, Battery Ventures, on its acquisition of 100% of the share capital in each of Aussie Time Clocks Pty Ltd, Aussie HR Solutions Pty Ltd and Kiwi Time Sheets Ltd (the Aussie Time Group).
Workwell Tech is a global tech business operating out of California, with the acquisition of the Aussie Time Group further extending the global reach of Workwell Tech’s operating portfolio. Workwell Tech is backed by US private equity firm, Battery Ventures. Battery Ventures is a well-established, technology-focused investment firm who, through their 14th flagship fund (Battery Ventures XIV, and companion fund Select Fund II) have raised more than USD$13 billion since inception. The Aussie Time Group is a Queensland based business that specialises in supplying employee time and attendance solutions for businesses of all sizes across Australia and New Zealand, including working with payroll software companies to integrate their offering with Aussie Time Group’s software to streamline the payroll processes for customers.
The team at Hamilton Locke was led by Gordon McCann (Partner) and included Julian Ilett (Senior Associate) and Ali Attia (Lawyer).