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CWJ Manage £54m Sale of Software Company

CWJ has recently advised Hong Kong based NetDimensions, an AIM listed learning management software company with offices in Asia, the US, the UK and elsewhere in Europe, on its takeover by Learning Technologies Group PLC (LTG) which was completed earlier this month. LTG’s offer, of £1 a share in cash, valued NetDimensions at around £54m.

CWJ’s corporate team has substantial experience of dealing with the acquisition and sale of companies and businesses of all types and sizes. Typically, the transactions involve privately owned companies in London, Kent and the South East, although it deals with AIM-listed companies too and, as the NetDimensions sale indicates, its clients are scattered around the world as far away as Hong Kong.

Working on such a large transaction, involving a number of different legal jurisdictions and under a demanding timetable, is a great example of CWJ’s corporate capability. In addition to the legal complexities, there were a number of commercially sensitive issues to work through, requiring a practical approach and a degree of diplomacy. Clients need their legal team to be more than pure lawyers these days; well-honed negotiating skills and the ability to give sensible, commercial advice are prerequisites, too.

Although correct at the time of publication, the contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. Please contact us for the latest legal position.