Sale of Northampton based business, Datatrade to trade buyer Renovotec
We are delighted to have advised the shareholders of Datatrade Holdings Limited on their sale to trade buyer Renovotec.
The shareholders of Northampton based business, Datatrade Holdings Limited, which supplies and provides maintenance of enterprise print and mobile solutions to businesses, approached us to act for them in the sale of their business to a trade buyer, Renovotec Investments Limited.
Daisy Divoka says; “We congratulate the selling shareholders not only on this deal but also on their achievement in building Datatrade into the strong business it has become over the years since we first acted for the shareholders on an MBO back in 2010. It has been a real pleasure working with them from the very initial stages of negotiating the heads of terms all the way through to a successful completion.”
Peter Laplanche, one of the sellers, who will continue to be involved with the business going forward, commented: “The EMW team provided us with pragmatic advice through a challenging exit process. The service provided was seamless and they delivered a successful outcome which met the objectives of all shareholders and at the same time achieved the tight deadline. I would recommend EMW highly.”
Our corporate team advises companies, management teams, investors and debt providers from business start ups and first round finance agreements through to merges and acquisitions, management buy outs, development funding and then selling. The team is ranked in the top tier for Corporate and Commercial work in The Legal 500. The team also won Corporate Law Firm of the Year in this year’s Central and East of England Dealmakers Awards.
If you would like to find out more about this deal, please contact Daisy Divoka on 0345 070 6000.