Federation Asset Management Pty Ltd signed a sale deed to acquire 18.43% stake in Windlab Limited (ASX:WND) from Innovation Capital Fund II, L.P. managed by Innovation Capital for AUD 10 million on September 23, 2019. Federation Asset Management Pty Ltd will acquire 12.57 million shares at AUD 0.80 per share. The transaction is expected to close on October 8, 2019. Gilbert + Tobin acted as legal advisor in the transaction.