Fladgate has advised the founders of Teachers2Parents (T2P) on the sale to Education Brands.
Many parents will be familiar with T2P’s software, which enables schools to communicate with parents and parents to pay for school services. Education Brands is a leading provider of educational software solutions, backed by US private equity firm Insight.
After a competitive process, the deal was completed in less than five weeks from the offer being accepted.
Ian Brent, corporate partner at Fladgate, led a team of eight lawyers, including specialists in corporate, intellectual property, tax and real estate.
Uresh Naik, founder of T2P, commented: “We had been working with Fladgate for some time to prepare the company for sale. The deal then needed to be done in a very tight timescale and Fladgate delivered the result we wanted on time and in a very commercial manner.”
Ian Brent, corporate partner at Fladgate, commented: “We have acted on a series of sales to private equity but as a parent of three children I am very familiar with T2P’s products and it was particularly satisfying to be involved in the sale of this excellent company. We wish the buyer every success in taking this business to the next level.”
First Capital provided corporate finance advice to the sellers and PWC did the vendor due diligence. Wilkie Farr & Gallagher acted for the buyer.