Browne Jacobson has supported on a strategic investment by taxi and private hire technology platform Veezu in Cab9, a specialist booking and dispatch technology platform serving taxi and private hire operators across the UK and international markets. 

The UK and Ireland law firm advised the shareholders of Cab9 Holdings and E9 Holdings during the investment, which will fund the further development of Cab9's AI and automation tools at a time of rapid technological change across the ground transport sector.

The investment will fund the further development of Cab9's AI and automation tools at a time of rapid technological change across the ground transport sector. Veezu is licensed by over 60 local authorities across England and Wales and works with more than 20,000 driver partners.

Cab9's platform serves operators in international markets, an element of the business that the investment is expected to support further as demand for sophisticated dispatch and automation tools grows globally across the private hire sector.

Browne Jacobson's corporate team advised the selling shareholders throughout the transaction, bringing experience in technology-driven deals within the transport and mobility sector.

The Browne Jacobson team advising on the transaction included Corporate M&A Partner James Skivington, Associates Dominic Lees and Benedetta Cocconi, supported by Associate Tim Williams, Principal Associate Jennifer Jenkins, Tax Partner Craig Thomas, Senior Corporate Tax Advisor Jade Williamson, Partner Nick Smee, Associate Richard Edwards-Earl and Partner Richard Nicholas.

James Skivington said: “This transaction reflects how the private hire sector is evolving with operators and technology providers increasingly working in closer partnership. We were pleased to support the shareholders in securing the right partner to take the business into its next phase of growth for this international business.”

Other recent highlights in the technology sectors include advising Rcapital on sale of Surface Technology International to Swedish-listed NOTE, and Apiary Capital on investment in Spanish Point Technologies.