Probe Group Pty Ltd and Five V Capital entered into an agreement to acquire contact centre business of Salmat Limited (ASX:SLM) for AUD 53 million on March 26, 2018. Post-acquisition, the combined business, operating as Probe Group, will employ over 3,500 employees. At completion of the acquisition, Probe Group will continue under the leadership of Executive Chairman Rodney Kagan, who will oversee the same senior executive management led by Chief Executive Officer, Andrew Hume and Chief Operations Officer, Jarrod Kagan. Salmat Limited will provide transitional services post completion to separate the contact centre business. The transaction is subject to satisfaction of customary conditions precedent and expected to complete on April 30, 2018. As of April 30, 2018, the deal has been delayed, as an extension of time has been required by counter parties to complete the consent process. Completion will take place shortly after all conditions precedent is met. Intrinsic Partners Pty Ltd. acted as financial advisor, Arnold Bloch Leibler, and Robert J. Schoenfeld Consulting acted as legal advisors to Probe Group Pty Ltd and Gilbert + Tobin and Ernst & Young Oceania Limited acted as legal advisors to Salmat Limited. PricewaterhouseCoopers Corporate Finance is acting as financial advisor to Salmat. Moelis Australia acted as the advisor to Salmat.