Taylor Wessing has advised the management team of The Access Group, a leading provider of fully integrated business management software to UK mid-market organisations.
The Access Group was owned by the management team and TA Associates, who has reinvested with certain managers. This investment will sit alongside new strategic investment from private equity firm HgCapital.
Current majority shareholder TA Associates will retain joint control of The Access Group.
Taylor Wessing partner Robert Fenner, who led the transaction alongside fellow partner Duncan McDonald with support from senior associate Suzy Penney and associate Jerome Kennedy, said:
"We are very pleased to have helped The Access Group with its reinvestment and its achievement of a significant enterprise value. We wish them the best of luck in the future".
Adam Brown, Chief Commercial Officer of The Access Group added:
"We are very happy to have achieved such a high enterprise value in a dynamic market segment. The Access Group has built a high quality offering and an enviable reputation and the investment from our management team, alongside TA Associates and HgCapital will help broaden the service offering, expand into other areas and build the business further. Taylor Wessing provided invaluable support on this deal."
Taylor Wessing's international Private Equity practice is a prominent force in the market for mid-market leveraged UK and cross-border transactions. With a team of six dedicated Private Equity partners, the team is one of the largest operating in this space in the City.