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TLT advises Encore Capital on £10.5 million exit of Pure360

National law firm TLT has advised Encore Capital and the other shareholders of Pure360, the email and SMS marketing business, on their £10.5 million sale to Scottish Equity Partners (SEP). TLT also advised Pure360's CEO, Stuart Dawson, on his reinvestment alongside SEP and Investec Bank, who provided both debt and equity funding for the deal.

The TLT team was led by corporate associate Jon Gill, supported by tax partner Nathan Williams, share incentives partner Ben Watson, banking & finance partner Jon Stewart and employment associate Harry Parker.

TLT's Head of Corporate John Wood says, "This transaction is an excellent case study of TLT's ability to deliver shareholder value to private equity investors and comes on the back of a number of high profile technology sector deals for the team, including the sale of Preactor Group to Siemens and the sale of Rapid Electronics to CONRAD Electronic.

"We were delighted to have the opportunity to work with Stuart as he positions the business for future growth with his new private equity partners."

Stuart Dawson, CEO of Pure360 commented, "I was delighted with the support provided by Jon Gill and the rest of the team at TLT. Jon’s input and control of what was a reasonably complex transaction was essential in completing the deal within a tight time frame.”

TLT's dedicated corporate lawyers advise on the whole range of corporate services across numerous industry sectors, acting for an impressive list of UK and international clients from family owned businesses and major FTSE listed Plcs through to venture capitalists, banks and financial institutions.

Clients have voted TLT the best UK law firm for client service in Legal Week's independently researched Client Satisfaction Report 2012. TLT has also been named National Firm of the Year at the Legal Business Awards 2013 and Best Managed Firm and won Best Community Engagement at this year's Managing Partners' Forum Awards.

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