Shoosmiths advises SecureData Europe on acquisition

Shoosmiths has advised August Equity’s SecureData Europe on its acquisition of Quadrant Networks.

Shoosmiths has advised August Equity’s SecureData Europe on its acquisition of Quadrant Networks.

The deal represents the first bolt-on for IT security company, SecureData.

Quadrant provides application delivery and security services to e-commerce and corporate clients including Ocado, Rightmove and Easyjet.

Shoosmiths’ team, led by corporate partner Sean Wright, with assistance from corporate solicitors Gareth Davies and Janine Esbrand, advised the IT security company on the acquisition which included a complex earn-out structure for the retained management team.

The national law firm’s Rebecca Mauleverer provided specialist banking advice on the debt financing element of the deal, provided by HSBC.