August.01.2019
Orrick is representing Aptean in connection with its announced recommended cash offer to acquire the entire issued and to be issued share capital of Sanderson Group. Sanderson, whose shares are admitted to trading on the AIM market of the London Stock Exchange, is a leading specialist of digital technology solutions, innovative software and managed services for the retail, wholesale, supply chain logistics, food and drink processing and manufacturing sectors.
The acquisition, which is being effected through an Aptean UK subsidiary, values the entire issued and to be issued share capital of Sanderson at approximately £90 million and is expected to be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The acquisition is expected to be completed in the third quarter of 2019.
Aptean, which is jointly owned by funds managed and advised by TA Associates and Vista Equity Partners, is a global leader in enterprise business software and provides targeted ERP, supply chain management and industry-specific software solutions.
The London-based Orrick team is led by M&A and private equity partners James Connor and Dan Wayte with assistance by Charles Sheldon, Stephen McNeill, Christina Hatinoglu, Kirstie Parr and Ian Shaw.
Led by Pete Lamb and David Ruff, Orrick has advised Aptean on over a dozen add-on acquisitions and other corporate matters in recent years.