International legal practice Osborne Clarke has advised QinetiQ on its acquisition of Naimuri on a cash-free, debt-free basis for £25m.
Naimuri is a leading UK software development and data analytics company, providing agile cloud-based services and technology to the UK Intelligence Community and Law Enforcement communities. The capabilities of data analytics, data intelligence and agile software development are becoming more prevalent across security and defence.
QinetiQ offers its customers world-class expertise in advice, services (particularly test and evaluation) and innovative technology-based products. QinetiQ intends to use this acquisition as a core enabler as it seeks to invest and recruit further in this important area.
Dr Nigel Major, Group Director for Mergers and Acquisitions said: “We have worked with Osborne Clarke for a number of years now on key growth opportunities and really value the support and service it provides. They deliver pragmatic advice, boiling down complicated legal matters into the key pieces of information that enables us to focus on the important matters with other stakeholders. The transactions we have completed with Osborne Clarke have allowed us to keep innovating for our customers’ advantage.”
The Osborne Clarke team was led by Partner Conrad Davies with support from Associate Director Damocles Merry and Associate Rebecca Ewing in the Corporate team. Associate Director James Hamon (tax), Senior Associate Rhiannon Jones (employee incentives) and Associate Lara Flynn (employment) also assisted.
Osborne Clarke is a recognised industry leader in the defence sector providing a comprehensive service that provides critical legal support to companies at all levels in the supply-chain. The team has a detailed understanding of the issues facing businesses in the sector and they work in partnership with clients, to deliver focused and cost-effective advice and support.