TLT advises on Dutch acquisition for SilverTree Equity Partners
TLT has leveraged its corporate expertise and strategic alliance with Dutch firm Holla to advise on the acquisition of Idox plc’s Grants Consultancy business by existing client SilverTree Equity Partners, the leading software and technology focused private equity firm.
Grants Consultancy is one of the Netherlands’ leading providers of innovation funding consultancy and data. Idox plc is an AIM-listed supplier of specialist information management software and solutions.
TLT advised SilverTree on the acquisition and commercial agreements with Idox, and co-ordinated all the legal workstreams. Holla ran the legal due diligence in the Netherlands and other local law requirements.
The acquisition supports SilverTree’s strategy to acquire and grow businesses in the software and technology sector, particularly where there is an opportunity to consolidate the market.
The TLT team was led by corporate partner Jon Gill, alongside legal director Dan Whitewood (corporate) and partners Daniel Lloyd (technology) and Mark Braude (tax). The Holla team included Robert van Muijen, Boris Emmerig and Alissa van Tongerloo.
Nicholas Theuerkauf, managing partner of SilverTree Equity, said: “Jon and the team at TLT did excellent work supporting us on the Orbus Software transaction. We continue to be impressed by Jon’s commerciality, problem solving, and strategic thinking as well as the broader team at TLT, who worked efficiently and seamlessly with SilverTree and key advisors. We look forward to working with TLT on future deals.”
“TLT was the ideal partner for this. We’ve worked with them before and valued their Dutch connections. This gave us real peace of mind and helped to ensure that everything ran smoothly. It’s a significant deal for us and we’re delighted with the outcome.”
Jon Gill, partner at TLT, says: “It was a pleasure to be working once again with SilverTree and to collaborate with the team at Holla. This transaction was a great example of the opportunities available for financial investors both in the UK and internationally as large corporates refocus their strategies in the post-Covid era, and we were delighted to support the SilverTree team in delivering the deal to a demanding timetable.”
TLT previously acted for SilverTree on its acquisition of Orbus Software in December 2020.
In June 2020, TLT agreed a strategic alliance with Holla as part of a strategy to strengthen its international offer for clients. In January 2021, Belgian firm GSJ advocaten joined the alliance.