TLT has leveraged its corporate expertise and strategic alliance with Dutch firm Holla to advise on the acquisition of Idox plc’s Grants Consultancy business by existing client SilverTree Equity Partners, a leading software and technology focused private equity firm.
Grants Consultancy is one of the Netherlands’ leading providers of innovation funding consultancy and data. Idox plc is an AIM-listed supplier of specialist information management software and solutions.
TLT advised SilverTree on the acquisition and commercial agreements with Idox, and co-ordinated all the legal workstreams. Holla ran the legal due diligence in the Netherlands and other local law requirements.
The acquisition supports SilverTree’s strategy to acquire and grow businesses in the software, technology and tech-enabled business services sectors, particularly where there is an opportunity to consolidate the market.
The TLT team was led by corporate partner Jon Gill, alongside legal director Dan Whitewood (corporate) and partners Daniel Lloyd (technology) and Mark Braude (tax). The Holla team included Robert van Muijen, Boris Emmerig and Alissa van Tongerloo.
Nicholas Theuerkauf, managing partner of SilverTree Equity, says: “Jon and the team at TLT did excellent work supporting us on the carve-out of Dutch-based Vinsubsidies from Idox plc. We valued their cross-border and carve-out expertise and look forward to working with TLT on future deals.”
Jon Gill, partner at TLT, says: “It was a pleasure to be working once again with SilverTree and to collaborate with the team at Holla.
“This transaction was a great example of the opportunities available for financial investors both in the UK and internationally as large corporates refocus their strategies in the post-Covid era, and we were delighted to support the SilverTree team in delivering the deal to a demanding timetable.”
TLT previously acted for SilverTree on its acquisition of Orbus Software in December 2020.
In June 2020, TLT agreed a strategic alliance with Holla as part of a strategy to strengthen its international offer for clients. In January 2021, Belgian firm GSJ advocaten joined the alliance.
TLT in the running for trio of South West Dealmakers AwardsRead more
National Security and Investment Act: FAQsRead more
TLT’s Fintech School – trainee interviewRead more
TLT shortlisted in Go:Tech Awards 2020Read more
Beyond BrexitRead more
TLT launches Fintech School with MMURead more
TLT grows Legal 500 rankingsRead more
TLT delivers £14m Series A funding for HubooRead more
Group structures - are you Brexit ready?Read more
The pandemic has forced the majority of the workforce into a world of remote working. As a result, our cities are evolving.Read more
Issues that will impact the sector over the coming months - from future proofing social housing developments to managing offices post pandemic, green finance, and creating connected communities.Read more
Watch our video series for information on the legal issues that are affecting the real estate sector. Each...Read more
Helping you navigate your business through the risks and opportunities that Brexit will bring.Read more
The way people shop is constantly evolving, from the growth of online and the changing use of stores...Read more
The widespread disruption and closure of businesses caused by the Covid-19 pandemic and the subsequent national and local lockdowns has brought into sharp focus the question of available insurance cover for losses under...Read more
The pandemic has had a deep and long-lasting effect on the leisure, food & drink sector, forcing operators to embrace new ways of attracting and servicing customers.Read more
There's a growing demand for retailers to do more to attract the Purple Pound – the collective spending power of disabled shoppers, estimated to be worth around £274bn. We look at the opportunities, the legal issues and...Read more
Green finance is gaining speed, driven by global climate change pressures and the recognition of the vital role which sustainability plays in a resilient financial services sector.Read more
We're one of the fastest growing and busiest corporate teams in the UK, advising clients including entrepreneurs, multi-nationals, PLCs, private equity and overseas investors on complex corporate transactions, governance and business turnaround issues.Read more
We advise buyers and sellers of businesses, from individual entrepreneurs to international corporations. We also work with investors and management teams on ‘buy and build’ and repeat transactions as well as their exits.Read more
We advise on a range of issues affecting investors, from mid-market buy-out houses through to venture capital funds, venture capital trusts and business angels.Read more