Wragge & Co’s corporate team has advised a syndicate of venture capital investors, led by NVM Private Equity, on its exit from Alaric Systems in a deal worth £52m.
Alaric provides payment processing and fraud prevention solutions to financial institutions, processors and retailers worldwide. It manages 1.6 billion transactions a month across 30 countries and employs 117 people.
NVM made an initial investment into Alaric in 2000. NVM has invested a total of £5m into the business. The buyer is the US-based and NYSE-listed NCR Corporation.
The corporate team advising NVM included associate Victoria Hirst and solicitor Saffron Smith. Also on the team was Peter Hall, partner in intellectual property; Andrew Smith, partner in commercial litigation; and Paul Harrington, associate in tax.