Australian law firm, HWL Ebsworth Lawyers (HWLE) has advised Australian search fund, Voyager Equity, and its principal / 'searcher', Alex Simmons, on the establishment of Voyager Equity in 2019 and Voyager Equity's subsequent acquisition in November 2021 of the Inerva software business. Inerva provides software systems and associated support to Australian residential aged care providers, home and community care providers and retirement villages.

Voyager Equity is Australia's first traditional search fund and the acquisition by Voyager Equity also represents the first acquisition in Australia under this emerging alternative asset class.

I was first introduced to the search fund asset class in 2017 and made it my mission to have our law firm become the leading legal adviser to searchers in Australia. The Australian search fund corporate structure, as developed by HWLE, is based on the established US search fund model with differences to ensure compliance with Australian legal requirements.

Jamie Restas (Partner, Corporate) and Shane Lloyd (Special Counsel, Corporate) lead HWLE's search fund practice and assisted Voyager Equity and Alex Simmons. HWLE arguably is the longest standing legal adviser to searchers in Australia and continues to assist a number of other Australian searchers who have established their search fund or are in the process of doing so.