TLT has provided strategic and legal advice to the shareholders of world-leading software development company Sparkol, culminating in a management buy-out.
The sale will enable serial entrepreneur and founder Jon Air to focus on new ventures, while Sparkol's management team will continue to build on the company's success.
Sparkol's flagship products include whiteboard animation explainer video solution VideoScribe and video solution StoryPix, with corporate, public and private clients around the world.
TLT assessed the shareholders' options alongside Acuity Corporate Finance, culminating in the structuring and execution of a sale to Sparkol’s management team led by managing director Zoe Taylor.
The TLT team was led by corporate partner Jon Gill and associate Adam Kean.
Jon Air, founder of Sparkol, says: "We have built an incredibly successful business and strong team at Sparkol and have multiple ideas for other new ventures. TLT helped us to understand our options and has given us clear and sound advice at every stage."
Jon Gill, partner at TLT, says: "While the availability of capital for transactions from private equity houses remains very strong, we have seen a number of vendor-assisted buy-outs taking place and entrepreneurs should not overlook the potential benefits of such a transaction.
"A management buy-out can help entrepreneurs to realise a high return on investment as well as positioning their business for future growth. It has been a pleasure assisting Jon with this significant decision and ensuring a smooth transaction for everyone involved."