Taylor Wessing has advised the Acuma Group's management team in relation to the sale of Acuma, a private equity backed company, to Saksoft of India
Taylor Wessing has advised the Acuma Group's management team in relation to the sale of Acuma, a private equity backed company, to Saksoft of India for US$17 million.
The merger of Acuma, a leading provider of information management solutions with Saksoft, a specialised provider of software services and solutions to the banking and financial services sector, was effective from 1 October. The merged entity is projected to have annual revenues of over US$43 million with 500 people and diversified operations in Asia, Europe and the US.
Taylor Wessing advised the management team at the time of the investment by JZ International LLC, a US private equity fund, in 2000.
Corporate partner, Paul Webb commented:
"We were delighted to act again for the Acuma management team on the realisation of JZ's investment and the merger of the business with Saksoft. This is a very exciting development for the management team which now has the platform to enlarge the Acuma business on a global basis."
The Taylor Wessing team comprised Paul Webb, Ann Casey (employee benefits), Leigh Lisk (tax) and Charlie Pring (employment). US firm Jones Day acted for JZ International, while Saksoft was represented by Dua Associates (New Delhi) and Mills & Reeve.
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For more information please contact Taylor Wessing's Media Relations on 020 7300 4930/ 25 or email s.lee@taylorwessing.com
Taylor Wessing has 259 partners and a total staff of over 1100 across Europe. The firm is a market leader in advising clients in domestic and pan-European private capital transactions, with combined strength in both leveraged buy-outs and M&A. Providing a full range of services, we handle the full range of leveraged private equity transactions in the mid-market for institutional investors, management teams and corporates.
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. Our specialists cover the following areas firm-wide: Corporate, IPOs and public company regulation, Mergers & Acquisitions, Finance, Intellectual Property, IT and Telecommunications, Employment & Pensions, Share Options/Incentives, Tax, Competition/Merger Control and Real Estate.
Acuma is the UK’s largest dedicated provider of Information Management solutions and strategic consultancy. Acuma works with organisations to consolidate, organise and manage the huge volumes of data collected by business. Acuma has built an enviable track record delivering hundreds of solutions ranging from strategic advice to large multi-million pound developments. It is this experience and knowledge base that is encapsulated in their IVM (Information Value Model) framework. www.acuma.co.uk
For more information on this deal, please click on the link below
www.acuma.co.uk/newsandEvents.htm
Saksoft is a specialised provider of business intelligence and software solutions to the financial services industry with offices in USA, UK, Germany, Singapore and India. Offerings from Saksoft include software products, custom solutions, testing services and resource augmentation services to a global clientele. Solutions are a combination of domain knowledge and technical expertise spanning all areas of banking and financial services.
