International legal practice Osborne Clarke has advised CTS, a portfolio company of UK lower mid-market investor, Tenzing, on its acquisition of Sprout IT, a legal specialist managed service provider.
Founded in 2006, CTS’ philosophy is grounded in delivering a highly specialised service to their legal sector clients. Partnering with the world’s leading legal software and services vendors has helped CTS achieve strong organic growth, which is set to continue as the firm continues to tailor its offering to both law firms and barristers’ chambers.
Tenzing is a long-standing client of Osborne Clarke. The Osborne Clarke team was led by Partner Alistair Francis alongside Associates Alex Littlefield and Ben Pearlman. Banking advice was provided by Legal Director Rebecca Scott alongside Associate Erica Neely Nuttall. Tax advice was provided by Senior Associate Luolan Dong and employment advice was provided by Associate Lara Flynn.
Osborne Clarke has a strong presence and is considered a go-to practice in the UK private equity market. The team work closely with leading private equity institutions, global businesses, fast-growth start-ups and market challengers, advising across all areas including equity and debt fundraising, M&A, IPOs and JVs.