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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Multinational law firm Pinsent Masons has appointed partner Nick Tostivin to join its rapidly expanding financial services team in London, where he will lead the Finance team.
Multinational law firm Pinsent Masons has been recognised in the Projects Deal of the Year category of the China Business Law Journal’s (CBLJ) Deals of the Year 2023 list for the firm’s work on the landmark NEOM Smart City Project in Saudi Arabia.
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