Ann: Kyckr announces reseller agreement with illion, page-9

Hi bahar ..the timing is intriguing

31/07 -Kyckr successfully raises $5.2 million via a share placement from new and existing institutional and private investors

02/09 - Bridget Carter at the Australian reports plans to sell Illion have been accelerated (see spoiler 2 )

19/09 - Kyckr welcomes Richard White as a cornerstone investor with a substantial holding of 19.6%

Spoiler : 1- Something about Richard

“Richard is a prominent technology entrepreneur, founder and CEO of WiseTech Global Limited, a leading developer and provider of software solutions to the logistics execution industry. He has been responsible for driving WiseTech’s growth from the tiny beginnings to what has become one of the largest Australian software companies, with a market cap of over $11 billion, with over 12,000 logistics organisations globally using the software today.

Richard White said: “I can see in Kyckr, a product, business and opportunity set that can be leveraged and accelerated to major advantage, and I am grateful to be able to help the company accelerate its growth ambitions both in the placement and, time permitting, occasional advice to the team.”

23/09 - Kyckr announces reseller agreement with Illion

Spoiler : 2-Some Background to Illion sale

https://www.theaustralian.com.au/bu...s/news-story/5db65e0014ade4cb1fb42d55429e419b
Bridget Carter
September 2, 2019
“Archer Capital is believed to have accelerated plans to sell its data registry business Illion, with the sales process said to be kicking off this month.
It is understood the process is focused solely on finding a trade buyer, with aspirations for an initial public offering on the backburner for now....”

An older story :
https://www.afr .com/technology/archer-capital-taps-us-bank-for-illion-review-20190508-p51lb7
Archer Capital taps US bank for illion review
MAY 08, 2019
Private equity firm Archer Capital has called in Houlihan Lokey to help consider options for its most valuable investment, data registries business illion.

As first reported by Street Talk on Wednesday, it is understood Archer is seeking to tap into Houlihan Lokey's knowledge of the global data and analytics sector, which was bolstered by the US headquartered bank's acquisition of boutique Quayle Munro last year.

Houlihan Lokey's local team also advised Archer on its purchase of what was Dun & Bradstreet's Australian assets in 2015. That business has since morphed into illion.

Archer is expected to consider adding another adviser once the initial strategic review is complete.

The strategic review is expected to consider all liquidity options, including a sale, initial public offering and refinancing.

Potential buyers include global bureau and ratings operators, financial data and software specialists, infrastructure investors and regional private equity firms.”



And one earlier than that ;
https://www.theaustralian.com.au/bu...r/news-story/1de789441e19be8b177a2b59f99af1ea
“Dun & Bradstreet seen as likely Illion buyer
Bridget Carter
April 11, 2019

As investment banks get ready to pitch for a role in about a week selling Archer Capital’s $1.5 billion Illion Data Registries business, some suggest the obvious buyer of the operation is Dun & Bradstreet.

Last year, Dun & Bradstreet announced it had struck a deal to be acquired by private equity firms CC Capital, Cannae Holdings and Thomas H. Lee Partners.

Now the thinking among some is that the Dun & Bradstreet backers are the most likely owners of Illion, which was the former Dun & Bradstreet business in Australasia.

Archer Capital purchased Dun & Bradstreet’s Australian and Zealand operations for $220 million and at the time had aspirations to boost earnings and follow in the footsteps of Veda, which is now owned by Equifax.

It was rebranded Illion and collects consumer and business data from various sources and sells the credit reports so that customers are informed about risk, debt collection and commercial solutions.

At that time, about two thirds of the acquired operations were consumer-related, and the plan was to drive more of a business-to-business focus.

Now it is believed to be worth between $1.2bn and $1.5bn.

No doubt, all of the major investment banks will be lining up to secure a role on the sale, including UBS, Macquarie Capital, Morgan Stanley, Goldman Sachs, JPMorgan, Citi, Deutsche, BAML and Credit Suisse.

Archer Capital says it has $1.2bn of funds under management. Still within its portfolio, according to its website, are Craveable Brands, which is up for sale through Morgan Stanley, V8 Supercars, the Aspire2 education business, Allity aged-care business, New Zealand Pharmaceuticals, Autopact car dealerships and mining services company LCR.”