International legal practice Osborne Clarke has advised RM plc, a leading independent supplier of resources, IT software and IT services to the UK and international education market, on its proposed £56.5 million acquisition of the Education & Care business of Connect Group PLC.
The Class One transaction, which is conditional upon RM shareholder approval and the clearance of the UK Competition and Markets Authority, is expected to complete in the first half of 2017.
The Osborne Clarke team that advised on the transaction was led by Partner Jonathan King, who was assisted by Associate Director Tom Try and Senior Associates Jake Turcan and Rebekah Winsor. Additional support was provided by Partner Simon Neill and Senior Associate Zoe Hare (Anti-Trust), Partner Hugh Jones and Senior Associate Daniel Barnhouse (Finance), Senior Associate Tobias Hole (Pensions) and Associate Alistair Godwin (Tax).
Connect Group PLC was advised by Herbert Smith Freehills.
RM’s Head of Legal & Company Secretary Greg Davidson said:
“Osborne Clarke’s approach to this deal was second to none. They blended technical expertise and deep experience across multiple disciplines with a practical, pragmatic, clear and commercially-focussed attitude that ensured the success of the deal. We knew we were in safe hands throughout, the whole team was a pleasure to work with and I wouldn’t hesitate to use them again.”