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Higgs’ advisers hit the Target in latest technology deal
Article date: 16/05/2016
Expert advisers from West Midlands' law firm Higgs & Sons have assisted with the sale of Solihull based technology company Target eSolutions to global group, Servelec PLC. Target eSolutions will become Servelec Abacus Ltd.
Jamie Partington, an Associate in Higgs & Sons' corporate department acted for the selling shareholders on the deal.
"Target eSolutions had developed a market-leading product suite within social care management software solutions and is a highly respected name in this area," explains Jamie, who specialises in working with high-growth, high tech companies.
"We were extremely pleased to advise and support on this transaction and help bring it to a successful conclusion for all parties."
Target eSolutions' Abacus product suite provides functionality such as debt management, bill management and online payment facilities to care providers. Abacus will now form part of a combined software solution with Servelec's systems Mosaic and Synergy, to provide a fully comprehensive solutions package to the care sector.
Amrik Johal who will take up a role as Managing Director of Servelec Abacus Ltd as part of the deal comments:
"We were extremely pleased with the support we received from Jamie. He was always available for advice and ensured that the deal went as smoothly as possible."
Ray Barnett echoed his colleague's sentiments: "We saw Jamie as an additional member of our team throughout this process and we very much appreciated the expertise and knowledge he brought to the negotiations. "
The deal was completed on 5th May 2016.
Higgs & Sons is based in the heart of the Black Country at the Waterfront Business Park in Brierley Hill. The growing corporate team now boasts 20 plus specialist lawyers available to support clients in a comprehensive range of corporate and commercial business transactions.
Contact the Corporate team at Higgs & Sons on 0345 111 5050.