Bristol-based national law firm TLT has acted for international IT services group Sword in its £11.7m cross-border acquisition of UK-based Active Risk Group.
NYSE-Euronext Paris-listed Sword operates in 15 countries with 1,000-plus staff. The acquisition of Active Risk Group's risk management software is a significant purchase for the group – the software is recognised as market leading as it enables clients, including blue-chip international companies, to improve business performance by increasing their risk bearing capacity.
The TLT team was led by corporate partner Richard Tall, pictured, and included intellectual property and brand protection partner Nick Fenner, real estate partner Stephen Elliott, employee incentives partner Ben Watson, corporate solicitor Caroline Urban, commercial solicitor Juliet Bradshaw, and real estate solicitor Caroline Isherwood.
The recommended cash acquisition is to be implemented by way of a court sanctioned scheme of arrangement. The acquisition is due to complete next month, subject to Active Risk shareholder and court approval.
Last year TLT has advised Sword on its multi-million pound disposal of the Ciboodle group of companies, a leading provider in multi-channel customer service solutions.
