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Osborne Clarke advises Quotevine on £2.2M NVM investment


Written on 24 May 2019

International legal practice Osborne Clarke has advised Quotevine, a provider of SaaS solutions for the asset and automotive finance industries, on a £2.2M investment from private-firm, NVM.

Quotevine will use the capital to fund UK growth over the next three years. Specifically, it will invest in growing its sales, developer and operations workforces so that it can fuel revenue growth alongside further development of its current suite of products to meet existing and new client demands.

The product portfolio includes solutions that help businesses deal with the spectrum of legacy challenges known within the industry – from reporting, underwriting and pricing inefficiencies, to antiquated customer offerings and slow product innovation. Quotevine can currently count 1pm plc, Toyota Financial Services and MotoNovo Finance as customers.

Following this, Quotevine will focus on international growth and building further products to support their clients with revenue growth and improved operational efficiencies.

Daniel Layne, CEO and founder of Quotevine said: “Osborne Clarke were with us throughout the deal process. During the negotiations, the firm provided valuable legal advice and made the experience as painless as possible. We were pleased to have Osborne Clarke’s advice at hand and look forward to working with them again.”

Quotevine were advised by corporate Partner Greg Leyshon and Senior Associate Robert Pook.

Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the Tech, Media and Comms sector, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.

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