11 March 2020

HCR corporate team supports £7m sale

Acting for the shareholders of business change consultancy Ameo Professional Services (Ameo), HCR corporate lawyers, led by Tim Ward, supported the company’s acquisition by AIM listed Panoply Holding plc (The Panoply), keeping the founders within the wider business.

Midlands-based Ameo works with private and public sector businesses to deliver change, working in partnership with businesses to ensure programmes are delivered effectively, efficiently and in a manner that fits the business’s culture.

The Panoply, based in London, is a digitally native technology services company, which also works collaboratively with clients to deliver digital transformation.

Tim said: “This transaction goes far beyond its monetary value; this is about bringing together two complementary entities in such a way that the founders of Ameo can comfortably work with The Panoply in the longer-term. They share an ethos and a culture, and we have been very keen to ensure that that is fully supported by the deal itself.

“We have worked to a very strict deadline and the transaction is inherently fairly complex, but we are delighted to be able to help to take Ameo forward with The Panoply in this way.”

Mike Dearing, one of the founding partners, said: “Tim and his colleagues have been both focused on the detail and aware of the need to keep the bigger picture in mind throughout; their support and advice has been excellent in what was a very tight timeline from commencement of the project to its conclusion. We look forward to the new opportunities this offers the founders.”

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About the Author
Tim Ward, Partner

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Tim Ward is a Cheltenham solicitor, specialising in corporate.

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