DMH Stallard recently acted for the owners and management team of Brighton based E-learning business, Brightwave Group in its sale to Capita PLC.
The Brightwave Group will merge with Capita’s Learning Services Division but will keep its brand and operations remain intact. The acquisition will boost Brightwave’s existing capability and offer further market reach and potential than either business has previously experienced. Brightwave's senior management team will remain with the business. Caroline Walmsley will become Managing Director of the augmented Group and Charles Gould, Founder of The Brightwave Group, will join the management team as Executive Director.
Jonathan Grant, Head of the corporate group at DMH Stallard commented:
“We were delighted to deliver this quality deal for Charles and the team at Brightwave, which moves the business into the next stage of its development. The deal was completed in just over a month from final terms being agreed which is testament to the hard work of the DMH Stallard team who worked with the RSM Corporate Finance and Tax teams to complete the deal. It is also recognition of the quality of the Brightwave business and management team.”
Charles Gould, CEO at Brightwave said:
"I founded Brightwave and it was difficult to know who I should entrust with the sale, especially when it was first for me. Jonathan and the team invested time with us before the deal to help us plan, which was essential in order that we could deliver a complex deal in a very short timeframe. Closing a deal just before the Christmas holidays involved some other pressures, but the DMH Stallard team found ways to complete and secure our money before the long holiday, when at one stage it looked unlikely. If I was making a recommendation to someone else in my position I would say to select experienced lawyers, who are locally based and with a strength in depth to call on when needed."
For more information on how DMH Stallard can help you please contact Jonathan Grant.