We are delighted to have advised Maginus Software Solutions Limited on their sale to Black Dragon Capital.
Black Dragon Capital identified Maginus as a leading eCommerce consultancy business with significant growth potential. The shareholders of Maginus approached us for support with the execution of the transaction.
We worked alongside the Maginus management team to prepare, present and negotiate the locked box completion mechanism and ensure this was appropriately reflected in the legal documents.
During the process our team were able to combine a detailed knowledge of locked box completion mechanisms with accounting expertise to negotiate a fantastic result for the shareholders of our client.
We prepared a highly tailored locked box mechanism for Maginus to ensure all aspects of the transaction were included. We educated the buyer and obtained their agreement to a final locked box position which enabled the transaction to complete.
The Grant Thornton corporate finance team provided us with exceptional advice throughout the process. The team combined sector knowledge with technical deal expertise to deliver a fantastic result for the Shareholders. We would like to thank the team for their tenacity and determination throughout the process.Simon Weeks CEO, Maginus Software Solutions Limited