Clarkson Wright & Jakes (CWJ) has recently advised NetDimensions, an AIM listed learning management software company with offices in Asia, the US, the UK and elsewhere in Europe, on its takeover by Learning Technologies Group PLC (LTG) which was completed earlier this month. LTG’s offer, of £1 a share in cash, valued NetDimensions at around £54m.
CWJ has acted for Hong Kong based NetDimensions since 2005 and Andrew Wright, the managing partner of CWJ who headed the corporate team on the deal, commented: “Working on such a large transaction, involving a number of different legal jurisdictions and under a demanding timetable, is a great example of CWJ’s corporate capability. In addition to the legal complexities, there were a number of commercially sensitive issues to work through, requiring a practical approach and a degree of diplomacy. Clients need their legal team to be more than pure lawyers these days; well-honed negotiating skills and the ability to give sensible, commercial advice are prerequisites, too.”
Based in Orpington, CWJ’s corporate team has substantial experience of dealing with the acquisition and sale of companies and businesses of all types and sizes. Typically, the transactions involve privately owned companies in London, Kent and the South East, although it deals with AIM-listed companies too and, as the NetDimensions sale indicates, its clients are scattered around the world as far away as Hong Kong.