20 Mar 2017 | 09:40 am |
International law firm Pinsent Masons has advised Sage Group plc (Sage), the UK's largest tech company, on the acquisition of the UK's fastest growing tech scale-up Fairsail.
Fairsail is a global cloud based Human Capital Management and people management system for mid-sized businesses.
Currently a minority shareholder, the acquisition will see Sage take full ownership of Fairsail, building on the success of a shared product, Sage People, launched last year and allowing Sage to offer a single cloud solution to manage people, payroll, payments and accounting.
The Pinsent Masons team was led by corporate Partner Andrew Hornigold with assistance from Associate Moad Giebaly and a team of specialist lawyers.
Commenting on the deal, Andrew Hornigold said: "We acted for Sage on its initial investment in Fairsail and I'm delighted to have worked on this deal which is a key part of their cloud transformation strategy. Our team's depth of expertise in the tech sector is a fundamental aspect of executing a successful transaction of this nature and key to delivering excellent client service."
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