Fladgate LLP has advised the managers/shareholders of ISN Solutions Limited (ISN) on the sale of ISN to a new company backed and funded by private equity house Maven Capital for £6.1m.
ISN is one of the UK’s leading specialist IT and communications consultancies working in the oil and gas sector.
Two of the three founder manager/shareholders are staying having rolled over part of their shareholding into the new holding company. Through a complicated deal structure this provided a release of funds to the founders and a substantial investment into the business.
Fladgate corporate partner Jeremy Whiteson led the transaction team which included corporate solicitors Adrian Mawlabaux and David Baverstock, employment senior associate Mike Tremeer, tax senior associate John Forde and real estate partner Nick Mumby.
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