TLT has advised the shareholders of managed service and cloud provider LIMA Group on a £12m investment led by Maven Capital Partners.
The deal will allow LIMA Group - made up of LIMA Networks and Data Centre UK - to broaden its portfolio and expand the business, supporting the company's ambition to become the go-to cloud and managed service provider.
The TLT team was led by corporate partner Elizabeth Delaney, assisted by corporate solicitor Seraphina Wilkins. Further support was provided by Ian Roberts and Nicola Bilner, with Mark Braude and Andree Parker providing corporate tax advice, Katie Dyson advising on employment, and Lizzie Stone and Paul Brock advising on incentives and banking respectively.
Elizabeth Delaney, corporate partner at TLT says: "Our work with LIMA Group demonstrates the firm's excellent ability to work across a number of practice areas while still providing seamless support for our clients.
“This is a significant and positive transaction for our client, and it's encouraging to see, despite the continued uncertainty of Brexit, the private equity market is still very active in the North West and across the UK."
The shareholders of LIMA Group were also advised by Susan Lees and Stuart Lees of Signia Corporate Finance.
Susan Lees, Director of Signia Corporate Finance, says: “We are delighted to have supported LIMA Group in finding the right investment partner in Maven Capital Partners.
“The high-quality legal advice and support provided by Elizabeth and her colleagues at TLT helped to ensure a smooth completion to the transaction.”
Lisa Thornton, chief executive and founder of LIMA Group says: "Maven's investment underpins our ambitions and solidifies our position as we seek to broaden our portfolio and expand the business.
"The TLT team provided expert support, and their in-depth understanding of the market ensured a positive outcome for all parties."