Browne Jacobson advises Monterro-backed Milient Software AS on its acquisition of UK-based Rapport3

UK and Ireland law firm Browne Jacobson has advised Milient Software AS, backed by leading Nordic private equity fund Monterro, on its acquisition of Cubic Interactive Limited, trading as Rapport3, a UK-based software solutions provider.

This is the second acquisition by Milient Software in the UK that Browne Jacobson has advised on, demonstrating the firm's continued support for the company's strategic growth and expansion into the UK market. 

Milient Software specialises in project management software for architects, engineers, consultants, IT firms and other professional service users, while Rapport3 provides a project and resource management system designed for architects, engineers and project managers. The acquisition will enable Milient to strengthen its presence in the UK market and expand its service offerings.

Monterro is a leading Nordic private equity fund focused on investments in the software sector, with a strong track record of supporting portfolio companies' international expansion strategies.

The Browne Jacobson team was led by Private Equity Partner Gareth Davies, Principal Associate Matthew Dorman and Associate Jonathan Bradley. The team also included tax specialist Associates Rebecca Burge and Arbi Singh, and employment experts Principal Associate Jen Jenkins and Associate Tim Williams.

Gareth Davies, Partner at Browne Jacobson, commented:

“Supporting Milient Software and Monterro for the second time on their UK expansion underscores a broader market trend: the growing confidence of overseas investors in UK tech. This transaction is a powerful signal that international capital continues to back the UK's world-class technology sector. It has been a pleasure to work with the team again and see their continued growth into the UK market. Our wider Private Equity practice is acting on an increasing number of international deals year on year, and this transaction is another example of our leading position in the mid-market space."

Simon Nystrom, Investment Manager at Monterro, added:

"We've been impressed by the quality and innovation within the British software sector, and Rapport3's expertise and client base make this a highly strategic addition to our business. Browne Jacobson's deep understanding of cross-border transactions and the UK market has been invaluable. This is our second deal together, and their commercial approach and technical excellence made the process seamless.”

The deal comes at a time when Browne Jacobson's research suggests cautious optimism for the UK investment landscape. The firm's recent report, Investing in UK and Ireland, found that whilst barriers and challenges persist, investor confidence in inward investment opportunities remains resilient.