Taylor Wessing advises Flexible Management Systems on the €18.5 million sale of its subsidiary, ACTIS.BSP, a leading provider of core banking and securities solutions
Taylor Wessing advised Flexible Management Systems Limited ("FMS") on the €18.5 million (US$19 million) sale of its fully owned subsidiary, ACTIS.BSP, to the Temenos Group, a leading worldwide provider for banking systems.
The transaction, which completed on Friday 9 March 2007, will provide Temenos with an effective route to market in Germany and will contribute approximately US$20 million of revenues over the next 12 months.
Corporate Partner Simon Walker led a team advising FMS that comprised Corporate Associate, Siân Skelton and Finance & Projects Associate, Sam Hogrefe.
FMS was advised in the UK by Taylor Wessing and in Germany by its solicitors Schwarz Kelwing Wicke Westpfahl. Temenos was advised in the UK by Laytons and in Germany by Büsing, Müffelmann & Theye.
Notes to editors
For more information please contact Sheena Lee at Taylor Wessing:
Tel: +44 (0)20 7300 4930
Email: s.lee@taylorwessing.com
Taylor Wessing is a leading law firm providing legal support for commercial organisations doing business in Europe. Based in Belgium, France, Germany and the UK, Taylor Wessing provides the full range of legal services to major corporations and growing enterprises. Taylor Wessing boasts a strong reputation in the corporate, finance and real estate sectors alongside in-depth experience across the full range of legal services including intellectual property and technology, tax, litigation & dispute resolution, employment & pensions and private client.
