0370 270 6000

Browne Jacobson advise on global tech sale of Nottingham based Centiq

5 October 2021

Browne Jacobson’s corporate finance team have advised on the sale of tech services provider, Centiq to international based SoftwareONE group.

Centiq Limited, which was founded in 1998 in Nottingham provides pioneering Systems, Applications and Products (SAP) in data processing to a broad UK client base.

SoftwareONE group which is headquartered in Switzerland, is a leading global provider of software and cloud technology solutions to over 65,000 clients in 90 countries.

The cross-border transaction is part of SoftwareONE’s main business strategy to create a leading end to end SAP services provider on a global scale. The acquisition will also give Centiq the opportunity to broaden out its service offering of end to end cloud modernisation, automation and innovation and support the further development of its SAP transformation services portfolio.

The core Browne Jacobson was led by private equity partners Mark Hughes and Gavin Cummings, together with assistance from senior associate Rachael McDonald, associate Matt Bolton, senior associate, Rebecca Burge and trainee solicitor, David Burdon.

Mark Hughes said: “We are delighted to have supported this exciting cross-border transaction for a local business. This transaction will help both Centiq and SoftwareONE achieve their core ambition of being a key global player in the SAP software sector and presents opportunities for further growth and enhancement of its innovative software and cloud tech solutions services.

Matt Lovell, CEO at Centiq Limited commented: “This is a fantastic opportunity for Centiq and SoftwareONE, two market leaders in their respective fields that have a fresh and innovative approach to digital transformation to unite and build an even stronger global presence in the SAP software space.”

Browne Jacobson’s corporate finance practice is ranked by Experian as one of the country’s leading corporate finance teams with over 30 corporate and banking & finance expert lawyers delivering complex layered corporate and banking transactions.

Focus on...

Blogs

IR35 rules to be scrapped from April 2023

The Chancellor’s recent mini-budget provided a significant announcement for business as it was confirmed that the off-payroll working rules (known as “IR35”) put in place for public and private sector businesses from 2017 and 2021 will be scrapped from April 2023.

View

Press releases

Browne Jacobson advises Clean Power Hydrogen on latest international licensing deal with Kenera

Browne Jacobson’s specialist cleantech lawyers have advised AIM listed Clean Power Hydrogen Group Limited (CPH2) on its licence agreement with Bentec GmbH, a member of the Kenera business of the KCA Deutag Group. Kenera will manufacture CPH2’s unique membrane-free electrolysers from its facility in Bad Bentheim, Germany.

View

Press releases

Browne Jacobson’s Private Equity specialists advise Palatine on key CTS exit

Browne Jacobson’s national private equity (PE) lawyers have advised leading mid-market PE investment firm, Palatine Private Equity (Palatine) on its exit from CTS Group, the fast-growing specialist in testing, inspection and geoengineering consulting services to the construction and infrastructure sectors.

View

Press releases

Browne Jacobson’s specialist corporate finance lawyers advise LDC on sale of global IT services provider

Browne Jacobson’s corporate finance lawyers have advised leading mid-market private equity firm, LDC and management on the sale of specialist managed IT services provider, Littlefish to Bowmark Capital.

View