Geldards’ Midlands-based Corporate team have successfully advised on the sale of Smart Hosted Solutions Ltd (VIA), a Nottingham based company, to communications company Wavenet, which is backed by Beech Tree Private Equity.
Smart Hosted Solutions was founded in 2012 and became a major UK Skype for Business provider, before transitioning into Microsoft Teams as it grew in popularity over the last year. The multi-million-pound acquisition will provide customers with an opportunity to get more out of Microsoft Teams with the additional products and services that Wavenet have to offer alongside.
The Geldards corporate team was led by Partner, Jenny Chatten, who was assisted by solicitor Manjot Shokar and trainee Molly Vandervell, and advising on the employment aspects of the transaction was Senior Associate solicitor, Maz Dannourah.
Commenting on the transaction, Jenny, said:
“We are delighted to work with the shareholders Smart Hosted Solutions on this transaction and to advise on such a high-profile deal with a highly respected local company. The acquisition by Wavenet is a great opportunity for the product offering to improve and grow"
“I would like to thank my team of hard-working colleagues on getting the deal completed and the team at Smart Hosted solutions for choosing to work with us. We wish them all the best for the future.”
For business advice from an expert, knowledgeable, approachable solicitor, please contact a member of our Corporate team.
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