The corporate team at Paris Smith have played a key role in one of the major IT transactions of the year when it acted for the shareholders of UK Web Media Limited in their sale to a private equity house, Inflexion Private Equity.
This substantive deal involved an auction process with seller-led due diligence reports and deal documents issued via datarooms.
The transaction has created a multi-channel price comparison enabler in home services (energy, broadband, TV and telephone), through the simultaneous buyouts of Energy Helpline and UK Web Media.
Jamie Harwood – CEO UK Web Media said:
“Merging with Energy Helpline was an obvious and very easy decision to make. Our complimentary skills, culture and approach are all aligned to create what will be a very exciting business. Together with the expertise and experience of Inflexion, we have the right support for the journey ahead.
From the outset Jonathon Roy and the team at Paris Smith have been a pleasure to work with. They proved very quickly they were the right team for the job and that allowed me the time to focus on the commercial elements of the deal. I’ve already recommended them to others and would have no hesitation in using them again.”