Ashtons Legal advises shareholders in £2.9 million acquisition

Posted 10/10/2012

Ashtons Legal has acted for the shareholders of Serengeti Systems Limited (“Serengeti”) in a successful £2.9 million share sale to Netcall plc, an AiM listed software provider which has offices in Cambourne, Hemel Hempstead and Poole in Dorset.  

Bury St Edmunds based Serengeti provides document and contact management solutions to the public sector and has more than 40 clients, including the University of Cambridge and the Forestry Commission.

Geoff Hazlewood, a partner in Ashtons Legal’s Corporate department led the team consisting of Damian Humphrey, Deborah Marshall and Adam Murphy.

Geoff said: “We are delighted to have advised Werner Neudecker and his fellow shareholders on this transaction, achieving a great result for them.  As with any transaction of this nature, it has required a lot of work to get everything done, but we have a good team with an excellent depth of knowledge and experience which has enabled us to deliver this result for our clients.”

Werner Neudecker said: “It is absolutely essential to have an experienced team on your side, it greatly improves the likelihood of a favourable outcome. It was the third time I have done this but no two deals are ever the same, so having a legal team with specific experience is key”.

Netcall plc were advised by the London Office of Taylor Wessing.