Leading Australasian law firm Phillips Fox has acted for multinational Avaya Inc. on the Australian and south pacific aspects of the recent US$200 million global sale of Avaya’s connectivity business.
Avaya is a global leader in the design, development, building and integration of communication systems, applications and services. It designs, builds, deploys and manages networks for enterprises including 90% of the Fortune 500 base of companies. With over 1 million customers, Avaya operates in more than 100 countries around the world.
Phillips Fox Corporate Partner, Charles Mendel acted for Avaya in the transaction. Weil, Gotshal & Manges represented the company in the US.
“The deal involved a large number of jurisdictions, the one global asset sale agreement and a host of local arrangements requiring documentation in tandem with the global agreement. A close working team consisting of the client and the legal representatives in Sydney, Singapore and New York enabled potential roadblocks to be anticipated, assessed and removed before they became an issue, and ensured that the transaction closed on time. A novel set of transitional arrangements saw Avaya exit the business on a full indemnity basis while still retaining revenue upside during the transition period,” Mendel said.