Trio of deal completions for BDB Pitmans’ corporate team
BDB Pitmans’ corporate team has successfully advised on three significant deal completions since the start of 2020.
They have advised technology specialist firm, Sol-Tec, one of Microsoft’s leading Azure partners in the UK, on the firm’s acquisition by IT Lab, the IT support and technology services provider behind McLaren F1 sports cars. The deal, which closed in early March, gives the combined group a turnover in the region of £85 million. The BDB Pitmans Sol-Tec team was led by corporate partner Stephanie Perry, assisted by solicitor Daniela Munro.
The corporate team also advised Axminster Carpets (Factory Outlet Ltd) on the purchase of the business and certain assets from Axminster Carpets Ltd, as a result of the latter falling into insolvency in February 2020. Partner Sean Kelly led on the deal, working alongside associate Hayleigh Sears and solicitor Laura Crotch. Law firm Shoosmiths acted for Axminster Carpets Ltd’s administrators, Duff and Phelps.
Partners Sean Kelly and Oliver Kelly led the team acting on the acquisition of communications specialist Exactive Holdings Limited by AIM-listed Gamma. Exactive Holdings was targeted due to its expertise in the field of Unified Communications as a Service and their cloud based platform for Microsoft Teams, Cloud UCX. This tied into Gamma’s strategy to build on their presence in the fast-growing voice and collaboration market.
Andrew Smith, managing partner at BDB Pitmans comments:
‘BDB Pitmans’ corporate team has a first-class reputation for the quality of its advice and the support that we give to clients on deals such as these. The strength of the team is complemented by the expertise of the wider firm, allowing us to give clients a seamless, end-to-end service.’
