Birketts secures successful exit for Innova Systems
3 July 2018
Leading law firm Birketts and financial advisers Grant Thornton have advised the shareholders of Innova Systems UK Limited on its sale to Visiativ SA. The financial value of the deal was undisclosed.
Established in Cambridge in 2002, Innova Systems is one of the leading distributors of Dassault Systèmes’ SOLIDWORKS solutions (a 3D mechanical design software package) in the UK.
Visiativ has acquired 100% of the capital of the company. Mark Bradford, CEO and co-founder of Innova Systems, will remain in office and help Visiativ to successfully integrate the company and develop other aspects of its business in the UK.
Birketts advised on all legal matters with James Allen leading Birketts’ Corporate Team. Further legal advice was provided by the Employment (Josie Beal) and Property (Dwight Patten) teams. Additionally, Oliver Crichton acted for Innova in respect of leases/tenancy arrangements.
Mark Bradford, CEO and co-founder of Innova Systems, said: “We are grateful to Birketts for guiding us through this process with patience and clarity and explaining unchartered territory with clear communication and calmness.”
James Allen, Corporate Partner at Birketts, added: “It was a pleasure to guide Innova Systems’ management team through the process and secure a successful integration into the Visiativ group.”
The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at July 2018.