Geldards’ Midlands-based Corporate team has successfully advised on the acquisition of Bransom Retail Systems Limited by Clarity & Success Software Limited, as the managing director and owner of Bransom steps down from the business for retirement.
Bransom Retail Systems Limited specialises in supplying computer systems to independent retail jewellers. Clarity & Success Software Limited, which operates globally, has over 25 years’ experience in the IT sector and the acquisition of Bransom will allow it to increase its already impressive client base and further establish Clarity & Success as one of the leading software suppliers within the jewellery industry.
The Geldards team was led by Partner, Jenny Chatten and assisted by Solicitor, Sarah Bailey, who both dealt with the corporate aspects of the transaction, together with Caroline Findlay, Senior Associate, who advised on property matters and both Maz Dannourah and Rachel Mills, Associates within the Employment team, advising on the employment aspects of the transaction.
“We are delighted to have advised Clarity & Success Software Limited on their acquisition of Bransom Retail Systems Limited.
"We are thrilled that one of our long-standing clients has the opportunity to really grow its business within the jewellery software industry and we look forward to seeing it go from strength to strength. It was a pleasure to work with Karen Russell, Managing Director of Clarity & Success. I would also like to thank my Geldards colleagues for all their hard work in making the transaction such a success."
Karen Russell, Managing Director of Clarity & Success Software Limited, said:
“Geldards have been our Company lawyers since 2012 and have worked with us on a number of legal aspects of the business. When the opportunity arose to acquire our main competitor in the Industry, we immediately sought the assistance of Geldards.
"Without doubt, the process would have been considerably more complex and indeed painful without their attention to detail and constant and immediate responses. We can be confident going forward that we have engaged a firm of lawyers who have considered and attended to every due diligence and created a strong Share Purchase Agreement on which we can base the foundation of a strong Company.”
For business advice from an expert, knowledgeable, approachable solicitor, please contact a member of our Corporate team.
GELDARDS ADVISE ON ACQUISITION OF SKIP UNITS LIMITED >>