National law firm Shoosmiths has advised August Equity's SecureData Europe on its acquisition of Quadrant Networks.

The deal represents the first bolt-on for IT security company, SecureData.

Quadrant provides application delivery and security services to e-commerce and corporate clients including Ocado, Rightmove and Easyjet.

Shoosmiths' team, led by corporate partner Sean Wright, with assistance from corporate solicitors Gareth Davies and Janine Esbrand, advised the IT security company on the acquisition which included a complex earn-out structure for the retained management team.

The national law firm's Rebecca Mauleverer provided specialist banking advice on the debt financing element of the deal, provided by HSBC.

Keith Davidson, August Equity's investment director said: The Quadrant acquisition is the first bolt-on the business has completed since our initial investment in July this year. It further develops the business' aim of growing organically and through selective acquisitions.

"We have a strong working relationship with the team at Shoosmiths and they provided invaluable support and advice on the Quadrant transaction."

Wright said: "We're delighted to have been involved in what is a particularly exciting acquisition for SecureData - one that will significantly strengthen its position in the market.

"We continue to work closely with August Equity and look forward to providing them with ongoing specialist corporate and private equity expertise on future transactions."

http://www.shoosmiths.co.uk/news/press-releases/Shoosmiths-advises-Secu…