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Buzzacott advised the shareholders of Ascertus Limited, a legal technology service provider, on its sale to Harbor Global LLC.
The transaction team was made up of Sriram Ainkaran, Matthew Katz and Poppy McMullan.
Ascertus provides information and document lifecycle management consultancy, software solutions, and IT support services to law firms, corporate legal departments, and other professional services organisations.
It has successfully delivered and managed some of the largest iManage Work installations at customer sites, in the UK, Europe, and globally.
Harbor Global LLC, a US-based professional and legal services firm, was established in 2023 through the merger of HBR Consulting, intelligence provider LAC Group, and legal technology and data consultancy Wilson Allen. The company is backed by the private equity firm Renovus Capital Partners.
As commentators increasingly predicted that the October 2024 Budget would raise Capital Gains Tax (CGT) rates, Buzzacott accelerated the completion process to ensure the transaction was finalised before this deadline.
Roy Russell, managing director and CEO of Ascertus Limited, said: “If you want strong hands-on expertise with a personal and empathetic touch focused on the success of the deal for all parties, then look no further than Matt Katz and his M&A team. Special mention must go to Sriram Ainkaran whose day to day cool, calm, patient, and tenacious handling of the process provided high confidence that nothing was insurmountable.”
