DLA Piper has advised HSBC Bank plc, Lloyds Bank plc, Silicon Valley Banks and Alberta Investment Management Corp on the provision of a senior financing package in connection with TA Associates acquisition of a majority interest in Access Technology Group from Lyceum Capital.
Access is a leading author of integrated business management software, with a portfolio spanning solutions for finance, HR and payroll, business intelligence, CRM and warehousing, professional service automation and manufacturing. Access's applications help over 6,000 customers, including some of the most innovative and rapidly-growing enterprises in the UK to achieve operational excellence. Founded in 1991, Access today employs 750 people and is one of one of the top five fastest growing UK software developers.
The DLA Piper team was led by UK Head of Finance & Projects Phillip Butler supported by senior associate Smridhi Gulati and associates Laura Burke and Ayisha Adedeji.
Phillip Butler said: "We are delighted to have been involved in TA Associate's acquisition of such a great business working alongside some our longstanding clients as well as new clients ."