Lawyer Monthly - November 2022

TRANSACTION INTERVIEW 85 The acquisition will no doubt have a benefit to legal services in the UK moving forwards. For both parties, there are obvious strategic and operational benefits which come as a result of the acquisition. What factors are important to keep in mind when advising on acquisitions involving tech-focused firms? There are a number of factors that need specific consideration when acting on the sale or purchase of a target company which has a technology focus. Perhaps obviously, one of the key issues is to ensure that the target company’s intellectual property (IP) has been properly protected. For many buyers, significant value will be attributed to the IP and therefore a buyer will need to be comfortable that the target company owns, or has the right to use, that IP. Likewise, where the target company operates a subscription model with its customers (as is often the case with technology companies), any buyer is likely to be interested in the terms on which those customers have subscribed. What impact is this acquisition likely to have on legal services in the UK? The acquisition will no doubt have a benefit to legal services in the UK moving forwards. For both parties, there are obvious strategic and operational benefits which come as a result of the acquisition. In the CTS group, Tiger Eye is now part of a larger organisation which will have increased bargaining power and access to another customer base and technologies. For CTS, the acquisition boosts their offering and brings in specialist knowledge and experience. We look forward to seeing the group as a whole go from strength to strength in the future. Advisors to CTS: Advisors to Tiger Eye:

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