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Browne Jacobson advises on PE-backed MBO of DSP Database Managed Services

2 August 2018

Browne Jacobson has advised on the successful management buy-out of technology services business DSP Database Managed Services.

The deal was backed by YFM Equity Partners (YFM) the specialist private equity fund manager, and Santander Growth Capital.

Corporate Finance Associate Paul McCannah led on the deal for Browne Jacobson, advising both vendors and the management team led by CEO Simon Goodenough, with Emma Hinton, banking partner, leading on the debt funding for DSP.

Established in 1999 DSP is one of the UK’s leading providers of 'Next Generation' Database and Data Platform Managed Services across Oracle, Microsoft and Open Source architectures for a wide range of mid-market and FTSE 100 clients operating in the domestic and global financial services, retail, manufacturing, energy & utilities, rail and logistics sectors.

Simon Goodenough, CEO at DSP said: “DSP is seeing unprecedented levels of demand for its services, especially from organisations that are beginning to realise the strategic value of hybrid private and public cloud data platforms. We’ve always strived to take advantage of new technology to enhance the service we offer our clients and this investment will allow us to further accelerate such service innovation whilst taking full advantage of the commercial opportunities that in exist in our market. We are delighted with both YFM’s investment and the expertise the team will provide.

“In making sure the process ran as smoothly as possible we needed a team of specialists that not only understood our business but could deliver exceptional service. Paul and the wider Browne Jacobson team tick all the boxes for us having worked closely with us over the past few years, and we look forward to working with them on the next chapter of the DSP journey.”

The deal is the latest in a series of transactions advised by Browne Jacobson in the growing UK technology sector, including successful venture capital deals for InsurTech companies Digital Fineprint, Laka and Dinghy and the secondary management buyout of Nottingham based Jigsaw24.

Paul McCannah, associate at Browne Jacobson, said:

“As a firm our primary aim is to develop long standing trusted relationships with our clients and this latest deal demonstrates that perfectly, alongside our strong corporate and tech sector credentials.

“We have advised Simon and his team on a number of deals over recent years as the business has developed into a market leader. We are delighted to have acted on this investment in DSP, which paves the way to help consolidate its market leading position and further grow its client base.”

Browne Jacobson’s team of over 30 corporate and banking & finance lawyers deliver corporate and banking transactions across the whole range of services for domestic and international clients including, amongst others, FTSE 100 companies, private equity investors and the UKs leading banking institutions. The team have particular expertise in major strategic transactions, such as mergers and acquisitions (M&A), private equity and development capital investments, joint ventures and restructurings, property finance, refinancings, asset-based lending and regulated corporate work such as public company fundraising, funds formation and cross border restructuring.

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