Pinsent Masons Advises Pace on Acquisition of Pay TV Specialist
08 Nov 2010 | 12:00 am |
International law firm Pinsent Masons has advised PACE, the Yorkshire digital television technology company, on its acquisition of 'payTV' software specialist, Latens Systems, for £28.75m.
Saltaire-based Pace will pay a cash sum not exceeding £28.75m, of which £10m is deferred and payable in 2012 subject to a number of conditions being met.
Latens Systems also has offices in Hyderabad, India, and Atlanta in the US and offers TV security software.
Last week Pace announced that its strategy within the 'payTV' market was working and expected to deliver a strong second half to its financial year.
The Pinsent Masons team was led by Michelle Kershaw and Andrew Black assisted by Manisha Patel, Lucy O'Dwyer, Jon Robinson and Ella Wallis.
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