Lawyers across the firm at Walker Morris have advised UK-based technology group, Servelec Group plc, on its proposed acquisition of the Synergy business from Tribal Education Limited for £20.25 million.
Synergy provides a comprehensive suite of software products that helps over 100 Local Authorities in England and Wales manage critical information within Children’s Services including education, safeguarding and children’s centres.
Under the terms of the proposed purchase, Servelec will acquire the intellectual property rights for the Synergy suite and 63 employees will transfer to Servelec.
The move comes as legislative changes in Children’s Services will see all local authorities becoming responsible for Children’s Community Health by 2020.
The Servelec Board has announced it is firmly committed to the Converged Care agenda, and has a growth strategy focused on capitalising on this important opportunity.
A large team from Walker Morris advised Servelec in a transaction carried out within a very tight deadline. Paul Emmett, Tom Mieszkowski and Nicola Hewitt advised on the corporate and tax aspects of the transaction, Michael Taylor and Gabrielle Berks advised on Servelec’s new credit facility used to finance the acquisition and IT/IP specialists David Laville and Alan Harper dealt with a number of complicated software related issues. Scott Flint advised on real estate matters and Andrew Rayment and Stephen De’ Giovanni advised on the employment aspects.
Walker Morris has a long and successful working relationship with Servelec having advised it on numerous deals including its successful IPO in 2013 and its subsequent acquisitions of Corelogic and Aura Healthcare.