Fladgate has advised longstanding client Zouk Capital (as a manager of Cleantech Europe II Fund) on the sale of its remaining minority interest in Huddle, a leading supplier of SaaS based secure content collaboration and workflow solutions primarily in the UK and USA, to Ideagen plc. Zouk was the largest of the minority shareholder group comprising Matrix Partners, DAG Ventures, Icon Ventures and Hermes GPE.
Partner Graham Spitz says “We are delighted to conclude the successful sale of Zouk’s interest in Huddle within a very short timeline. We acted for Zouk in relation to its original investment into Huddle as well as its first exit to Turn/River Capital”.
Zouk partner, John Higelin, commented “Many thanks to Graham and Yulia once again for your fantastic work and guidance throughout. You are a great team and we couldn’t have done it without you!”