Perth, 20 July 2020:
Clayton Utz has advised Tattarang, one of Australia's largest private investment groups owned by the Forrest family, on its investment in Western Australian trading software company, GLX Digital Limited.
Perth corporate partner Mark Paganin, special counsel Scott Girdler and lawyer Georgia Denny led the firm's team, with key support from partner David Benson, senior associate Sam Fiddian and lawyer Simon Holloway from the Intellectual Property team.
GLX has developed market-leading trading software which operates Software as a Service (SaaS) enabled transaction management and deal capture systems for global commodity markets. The market-leading software digitalises the direct sales channel between commodity sellers and buyers and allows companies to customise and create their own private digital trading platforms for any commodity. GLX also operates an LNG platform which currently has more than 70 member companies including LNG producers, consumers, traders and portfolio players from around the world.
Tattarang invested alongside other strategic investors including Woodside Energy Ltd and Shell Ventures.