Clarke Willmott facilitates acquisition of Newdez Ltd. by Fintel plc
In a recent transaction, national law firm Clarke Willmott LLP played a pivotal role in advising Newdez Ltd., a software as a service (SaaS) business, on its acquisition by Fintel plc, a technology and support provider to the retail financial services sector
The acquisition marks a significant development for both companies, with Newdez Ltd.'s innovative ifaDASH product poised to enhance Fintel plc's offerings in the industry.
Here are the key details of the acquisition:
- Parties Involved: Newdez Ltd., based in Southampton and incorporated in June 2020, developed the ifaDASH product, a unique all-in-one solution for the financial services sector. Fintel plc, headquartered in Huddersfield, is the acquiring entity.
- Acquisition Details: Clarke Willmott advised Newdez Ltd.'s shareholders, Mark and Sandy Newman, on the sale of 70% of the business's share capital to Fintel plc.
- Legal Counsel: The Clarke Willmott team spearheading the deal was led by corporate partner Stephen Jarman, supported by trainee solicitor Chloe Santiago, along with Sarah Coe from the commercial team and employment partner Louise Rogers.
- Client Testimonial: Mark and Sandy Newman praised Stephen Jarman's expertise, guidance, and support throughout the transaction. They highlighted the seamless management of the process and the invaluable support from the entire Clarke Willmott team.
- Strategic Importance: The acquisition aligns with Fintel plc's strategy to enhance its compliance proposition through digitisation. Newdez Ltd.'s ifaDASH product offers comprehensive solutions for financial services businesses, enabling them to streamline operations and drive growth.
Stephen Jarman emphasised the significance of ifaDASH in empowering financial services businesses to monitor, control, and grow their operations. He expressed pride in Clarke Willmott's role in facilitating the transaction, which represents another milestone in Fintel plc's acquisition strategy.
The acquisition of Newdez Ltd. by Fintel plc represents a strategic move aimed at bolstering Fintel's offerings in the retail financial services sector. With Clarke Willmott's expert legal counsel, the deal underscores the firm's commitment to facilitating successful transactions and supporting clients in achieving their strategic objectives.