Overcast

Overcast

max temp: 23°C

min temp: 16°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

Birketts advises on sale of Cambridge software firm cr360 to US-based UL Group

13:00 14 February 2016

James Allen of Birketts.

James Allen of Birketts.

Archant

Regional law firm Birketts has advised the shareholders of Cambridge-based environment, health and safety management and sustainability software specialist cr360 on its sale to US-based safety science company UL Group.

Birketts, which has offices in Ipswich, Chelmsford, Cambridge and Norwich, advised on all legal matters with James Allen (who is US and UK dual qualified) leading the corporate team and assistance being provided by Kenneth Damien (corporate), Karl Pocock (tax), Lottie Seaborn (share options) and Isabel Wightman (property).

Founded in 2004, cr360, a privately held company has more than 200 customers, mostly large multi-nationals, in more than 160 countries. The acquisition of cr360, for an undisclosed sum, will allow UL to expand into new markets, with the new business being named UL EHS Sustainability.

Anthony Jenking, co-founder and managing director at cr360, said: “Throughout the transaction the team at Birketts was highly responsive and kept us fully informed, ensuring the deal was completed within a tight timeframe.”

James Allen, corporate partner at Birketts, said: “I am delighted with the way that our experienced team advised on a range of legal issues during the course of the transaction, including the 72 option holders (many of them based abroad) that had to be dealt with before completion, in order to secure a successful sale for the shareholders of cr360.”

He added: “We are seeing a number of deals within the technology sector involving software companies being purchased by US buyers.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Ryanair says it will be cutting frequency of flights from Stansted this winter following the Brexit vote.

Ryanair is set to cut capacity and frequency on many of its Stansted routes this winter following the Brexit decision.

Sir Philip Green.

Former BHS boss Sir Philip Green has been branded the “unacceptable face of capitalism” as a parliamentary inquiry found he systematically extracted huge sums from the collapsed store group while leaving its pension fund in deficit.

Mark Pendlington, chair of the New Anglia LEP.

Businesses in Suffolk and Norfolk will this week be urged to put their weight behind plans for a devolution deal with the Government, giving the region greater powers to boost growth and employment.

BHS is closing down in Ipswich

BHS staff in Ipswich have still not been told when the store will close, the Star understands.

Barclays chief executive Jes Staley.

Banking giants will dominate reporting this week, with the City looking out for any Brexit concerns when Barclays and Lloyds deliver their half-year results.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24