Cripps supports AdEPT PLC with another strategic acquisition
Cripps has advised longstanding client AdEPT PLC on its £7.9m acquisition of Shift F7 Group.
Tunbridge Wells based AdEPT, is one of the UK’s leading independent providers of voice and data communications solutions. Shift F7 Group is based in Dorking and provides highly specialised IT support services and technology solutions to a range of commercial clients. Its customer base is focused in London and the South East and will complement and further enhance AdEPT’s market position in the region.
The Cripps team led by Nigel Stanford and assisted by John Kirkwood and Aleks Wulff, advised AdEPT on all legal aspects of the acquisition, including drafting and negotiating a complex Share Purchase Agreement. The team was supported by Harry Partridge (Commercial), Emma Saunders (Employment) and Lisa Steer (Property).
Partner, Nigel Stanford, commented: “We enjoy a strong relationship with AdEPT and are delighted to have worked closely with them on another successful acquisition.”
Ian Fishwick, chief executive of AdEPT, said: “This is the ninth acquisition that Cripps has assisted us with in the last 5 years. Over that time, they have gained a deep understanding of our business and ways of working and have proved themselves to be an important part of our team.”
This deal is the latest of a number in the advertising and media sector for Cripps. For more information, click here.