Yonder and Beyond (YNB), an Australian startup incubator, has agreed to acquire Highline Alternative Investments (HLAI), a local investment manager for family offices and other sophisticated investors.
YNB has struck a share purchase agreement with Camac Investments, HLAI’s sole shareholder.
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YNB will issue 7.5 million ordinary shares to Camac following the deal’s execution and the balance consideration depending on certain set milestones.
The company will also engage Camac director Cambell McComb as its managing director. The deal is subject to board, shareholder and regulatory approvals.
“The Share Purchase Agreement otherwise contains terms typical for an agreement of this nature, including warranties from each of the parties as to their power to enter into the Share Purchase Agreement, warranties from Mr Campbell McComb as to the business being undertaken by HLAI and provisions relating to confidentiality,” YNB noted.
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