TLT has advised Barclays Bank plc and the management team of ERP software solutions provider Lakeview on its sale to Kerridge Commercial Systems (KCS).

Lakeview focuses on the food and beverage, manufacturing, wholesale and distribution verticals, and is based in Dartford, Kent. KCS is backed by US private equity investor Accel-KKR and is an international provider of software solutions to the retail, wholesale, merchant and distribution markets.

The TLT team was led by Jon Gill, corporate partner and technology M&A specialist, with support from solicitor Nicole Spurling and legal assistant Dan Akers in corporate, legal director Mark Braude in tax, partner and head of employee incentives Ben Watson, technology and IP partner Dan Read and other specialists from TLT's wider service lines.

Jon Gill says: "We were delighted to support Barclays and the management shareholders in delivering this transaction. We continue to see a high level of activity in the technology sector, particularly involving private equity sponsors and their portfolio companies, and this transaction is a further example of our track record in delivering successful outcomes for all stakeholders. It was a pleasure to assist the Lakeview team on this deal and we wish them and KCS well."

Adrian Carey, chairman of Lakeview, comments: "Jon Gill and all the team at TLT performed extremely well on this transaction. Their advice and guidance was always excellent and their responsiveness and tremendous hard work was very much appreciated by all the selling shareholders."