International legal practice Osborne Clarke has again advised Raymond James Financial International in its capacity as financial adviser to Aptean, Inc. in connection with its £90 million recommended cash offer for UK AIM-quoted Sanderson Group plc to be effected by means of a scheme of arrangement. Aptean was advised by Orrick.
Aptean is a global provider of mission-critical, industry-specific software solutions and whose purpose-built enterprise resource planning and supply chain management solutions help address the unique challenges facing process and discrete manufacturers, distributors and other similarly focused organisations. Sanderson is a specialist provider of digital technology solutions, innovative software and managed services for the retail, wholesale, supply chain logistics, food and drink processing and manufacturing market sectors.
The acquisition is expected to complete in the third quarter of 2019.
The Osborne Clarke team was led by corporate finance Partner Jonathan King, assisted by Senior Associate Ed Nisbet.