Shoosmiths advises August Equity on investment in Wax Digital

The Thames Valley office of national law firm Shoosmiths has advised August Equity on their investment of capital into Wax Digital, a leading global eProcurement solutions provider.

Private equity firm, August Equity, invests in small and medium-sized UK businesses who they help to build through acquisition and organic growth. They specialise in spotting opportunities for long-term growth in markets that are changing.

Wax Digital is an independent Software-as-a-Service (SaaS) business which delivers Source-to-Pay solutions to mid and large sized organisations around the world. The investment from August Equity will boost existing development plans for own-IP products and help penetrate overseas markets.

Shoosmiths corporate partner, Sean Wright led the deal with support from associate Kiran Dhesi, solicitor Adam Leszczynski and paralegal Matthew Douglas.