Thames Valley: Shoosmiths negotiates significant deal for IntelliFlo

Shoosmiths has advised the shareholders of IntelliFlo – a market-leading software provider to the financial services sector – on its buyout backed by HgCapital. 

The law firm’s Adam Dowdney, based in Reading, led a team of corporate specialists on the multi-million pound deal comprising fellow partner Lynn Knight, associate Nina Smith, paralegal Rebecca Gray and other specialists from the firm as required throughout the transaction.

HgCapital, which has become a majority shareholder as a result of the transaction, is a sector expert private equity investor, supporting management teams to grow industry champions.

The investment was made by HgCapital’s Mercury Fund which specifically targets software and other technology companies across Europe.

Dowdney said: “We thoroughly enjoyed working with Nick and his team on this transaction, and we wish them every success for the future in taking the business to the next level with Hg’s support.

“Although it was a complex deal, it gave us the opportunity to draw on our in-depth M&A and private equity experience and expertise to gain the best outcome for our client. As a result, we were able to quickly understand and meet the buyer’s requirements and ensure a smooth transaction for all concerned.”

Nick Eatock, CEO of Kingston-based IntelliFlo, said: “I was delighted with the team at Shoosmiths, led by Adam Dowdney.

“In a complex transaction they managed the process incredibly well, worked hard, and provided excellent advice to myself and other shareholders. I would thoroughly recommend them; a team you can trust.”

Shoosmiths’ corporate team was recently named ‘Law Firm of the Year’ at the prestigious national M&A Awards, 2013. It was also ranked in the top three of the authoritative UK Experian Corpfin Advisor League Tables for number of deals done in 2012.