Harris Williams Advises Capita plc on the Pending Divestment of Eclipse Legal Systems to The Access Group
June 22 2020 - 1:05PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it is advising Capita plc
(Capita), a consulting, transformation and digital services
business, on the pending sale of Eclipse Legal Systems (Eclipse) to
The Access Group (Access). Eclipse is a leading mid-market case,
matter and practice management software provider operating
primarily in the U.K. legal market. The transaction is being led by
Thierry Monjauze, Mathew Tsui and John Levy of the firm’s London
office.
“This transaction highlights our consistent track record in
delivering successful outcomes for our clients in vertical software
and demonstrates our ability to unlock significant value through
the divestment of non-core assets,” said Thierry Monjauze, a
managing director at Harris Williams. “We believe Eclipse is
ideally suited for success in its new partnership with Access, a
company with an impressive history of acquiring and effectively
integrating companies into its platform.”
“The successful sale of Eclipse is evidence of our ability to
continue to achieve optimal outcomes for clients, despite today’s
uncertain global M&A market,” added Monjauze. “We look forward
to seeing what the two companies accomplish together as Access
builds out a new legal software division with Eclipse at its
core.”
Capita is a consulting, digital services and software business.
Every day 61,000 colleagues help millions of people, by delivering
innovative solutions to transform and simplify the connections
between businesses and customers, governments and citizens. Capita
partners with clients and provides the insight and cutting-edge
technologies that give time back, allowing them to focus on what
they do best and making people’s lives easier and simpler. Capita
operates in the U.K., Europe, India and South Africa – and across
six divisions: customer management; government services; people
solutions; software; specialist services; and technology solutions.
The company is quoted on the London Stock Exchange (CPI.L).
Eclipse is a leading mid-market case, matter and practice
management software provider operating primarily in the U.K. legal
market. Eclipse’s core product, Proclaim, is in use by over 25,000
professionals in a vast range of sectors. Clients range from
household-name commercial organizations and heavyweight law firms,
through to niche market operators and sole practitioners.
Access has been recognized in The Sunday Times Tech Track 100 in
2019 and is a leading provider of business software to mid-sized
U.K. organizations. It helps more than 35,000 customers across
commercial and not-for-profit sectors become more productive and
efficient. Its innovative Access Workspace cloud platform
transforms the way business software is used, giving every employee
the freedom to do more. Founded in 1989, Access employs more than
2,600 staff.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams TMT Group advises leading private and public
companies, entrepreneurs, private equity firms and venture capital
firms on mergers and acquisitions and capital-raising transactions
worldwide. The TMT Group has deep domain expertise in the IT
Services, Software/SaaS, and Internet and Digital Media sectors,
with particular emphasis on specific verticals including education
technology, data analytics, energy technology, fintech, public
sector, supply chain/logistics and healthcare technology (HCIT).
Across verticals, the firm also advises technology services and
networking solutions businesses. For more information on the TMT
Group and its recent transactions, visit the TMT Group’s section of
the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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