Fladgate LLP has advised Dev Clever Holdings plc (LON: DEV), a leading developer of consumer engagement solutions and career development platforms, on the acquisition of Phenix Digital Limited, a multi-service digital agency in the education sector, for a mixture of cash and shares.
Phenix Digital has achieved significant success in the education sector since it was established in 2011, and Dev Clever has engaged Phenix’s services since October 2019. This strategic acquisition will support Dev Clever in accelerating its revenue growth while expanding footprint within the education sector.
Commenting on the transaction, capital markets Partner David Robinson, said “Dev Clever operates in an exciting sector with many growth opportunities, after working with Dev Clever on its Main Market listing last year, we are pleased to be supporting our client again in this important milestone and their growth strategy.”
The Fladgate team was led by David Robinson, who was assisted by senior associate Orit Rioumine Gold.
Fladgate has advised a range of matters in the technology sector, including advising: