We helped in advising on key international deal for North East tech business
We helped to advised on a key strategic international acquisition for Orchard Information Systems, a leading provider of software solutions to the UK housing sector.
Orchard, which has its headquarters in Newcastle, has acquired Ireland based, market leading repair and maintenance software company InterNETalia Ltd and its flagship technology solution AccuServ, expanding its reach in the social housing and contractors markets.
We joined forces with law firm Muckle LLP to advise Orchard on the deal.
Muckle corporate lawyer Anthony Evans led the negotiations on behalf of Orchard, supported by solicitor Hayden Richards.
Our Corporate Finance team, led by Partners Steve Plaskitt and Graham Dotchin, provided expert financial advice on the acquisition including carrying out tax planning, due diligence and project managing the deal to completion, working alongside Muckle LLP.
Orchard AccuServ Repairs & Maintenance offers a single solution for recoding, scheduling and managing repairs, emergency and planned wok, voids and compliance jobs. Essentially, it makes job and sub-contractor management flow easier.
Traditionally, organising work schedules for Direct Labour Organisations (DLOs) and contractors has been a very time consuming process. With the ability to handle complex jobs and automated scheduling, organisations no longer need to spend time planning the day or week ahead, and the system offers the flexibility to respond to escalations and emergency work.
Pat Clarke, Orchard CEO, said:
“We are very pleased to have acquired the best repairs and maintenance solution with full mobile capability and powerful scheduling, that fits our customers’ needs. This solution also accelerates our vision to become the market leading, single supplier of choice by delivering greater value to our customers.
Acquiring a tech business can be more complex than buying a traditional business, so working closely together with proven advisors at Muckle and Tait Walker has made the process much easier than it might have been. Their technical ability to navigate through the standard negotiation in particular, helped to progress the transaction terms we wanted.”
Anthony Evans, partner in Muckle LLP’s corporate team, said:
“Orchard is a great business and is fast becoming a market leader. It was a real pleasure to help them with this strategic acquisition, which I think perfectly complements Orchard’s existing products and services, allowing them to continue to expand and grow at an impressive rate.”
Steve Plaskitt, Corporate Finance Partner at MHA Tait Walker, said:
“We were delighted to have acted for Orchard on this important acquisition. We would like to wish the team all the best for the future as they move forward with their new businesses.”