Shoosmiths advises tech duo on major acquisition
April, 2024 - Milton Keynes, England
Law firm Shoosmiths has advised leading technology industry experts Amir Nooriala and Daniel Cardenas-Clark and their search fund Aurias on the acquisition of IT security services provider – Saepio Information Security (Saepio).
Alongside the acquisition, the duo will take on the new role of co-CEOs as the technology firm looks to increase its international presence and awareness, reduce its risk and improve its security against a backdrop of an evolving cyber threat landscape.
This latest transaction further cements Shoosmiths’ deep-rooted knowledge in the technology sector which is a key focus of the firm. Across its corporate division, Shoosmiths’ team has bolstered its market leading credentials and reputation for excellence in the mid-market, advising on upwards of 400 transactions a year.
The firm’s deal team was led by corporate partner Alistair Hammerton, with support from legal director Georgina Rennie, principal associate Charlotte Cannell, senior associate Jordan Hollingsworth, associate Sharon Nicholls and associate Hugh White. Banking advice was provided by partner Ali Triptree, principal associate Sophie Tyler and trainee Niamh Jones alongside tax advice from principal associate Caroline Airey.
Daniel Cardenas-Clark commented: "We are once again, truly grateful for the expert advice and support of Al, Charlotte, Jordan and the Shoosmiths team, who went above and beyond what was asked. At this point, we consider them to be an extension of our deal team."
Alistair Hammerton, corporate partner at Shoosmiths, commented: “Amir and Daniel are highly regarded leaders in the tech field and it was a pleasure to support them on such a strategic acquisition. It is fantastic to see investment in a UK founded tech business as they embark on their next phase of rapid growth.”
Other recent deal highlights in the tech sector include advising Five Arrows (the alternative investment arm of Rothschild & Co) and Texthelp (the global leader in literacy and assistive technology) on the merger of Texthelp with n2y - a trailblazer in special education curriculum resources. In the past year Shoosmiths’ corporate team has advised on 165 deals in the tech sector – cementing the firm’s position as preferred advisors in the mid-market for corporate transactions.
