Shoosmiths negotiates significant deal for IntelliFlo

Shoosmiths negotiates significant deal for IntelliFlo


Author: Sophie Llewhelin

Shoosmiths has advised the shareholders of IntelliFlo Ltd - a market-leading software provider to the financial services sector - on its buyout backed by HgCapital.

The national law firm's Adam Dowdney led a team of corporate specialists on the multi-million pound deal comprising fellow partner Lynn Knight, associate Nina Smith, paralegal Rebecca Gray and other specialists from the firm as required throughout the transaction.

HgCapital, which has become a majority shareholder as a result of the transaction, is a sector expert private equity investor, supporting management teams to grow industry champions.

The investment was made by HgCapital's Mercury Fund which specifically targets software and other technology companies across Europe.

Dowdney said: "We thoroughly enjoyed working with Nick and his team on this transaction, and we wish them every success for the future in taking the business to the next level with Hg's support.

"Although it was a complex deal, it gave us the opportunity to draw on our in-depth M&A and private equity experience and expertise to gain the best outcome for our client. As a result, we were able to quickly understand and meet the buyer's requirements and ensure a smooth transaction for all concerned."

Nick Eatock, CEO of IntelliFlo, said: "I was delighted with the team at Shoosmiths, led by Adam Dowdney.

"In a complex transaction they managed the process incredibly well, worked hard, and provided excellent advice to myself and other shareholders. I would thoroughly recommend them; a team you can trust."

Shoosmiths' corporate team was recently named 'Law Firm of the Year' at the prestigious national M&A Awards, 2013. It was also ranked in the top three of the authoritative UK Experian Corpfin Advisor League Tables for number of deals done in 2012.

Shoosmiths' corporate and banking team advises PLCs and private companies, management teams, equity investors and debt providers on everything from start-up and first round finance to mergers and acquisitions, buy-outs, development funding, flotations and other exits.