SMB are pleased to announce the completion of the sale of the Lucid Companies, for whom we have acted for over 10 years, in particular advising its founders Sunjeeve Patel and Yves Theis. The Lucid Companies are financial services and technology companies which were acquired by Duff and Phelps in New York.
Needless to say, our client is thrilled with the deal’s completion which was on the heels of Duff & Phelps acquisition by a global investor consortium led by Stone Point Capital and Further Global for $4.2 billion.
We are extremely proud of the team at SMB who worked tirelessly to push the deal over the line. Particular congratulations are due to head of the Corporate department Peter Weiss, who led the deal, Senior Associate Ollie Flowers, Associate John Harrington, and Trainee Solicitor Tom Robinson. Other names to mention for their terrific support in this deal are Partner Neal Hodges and Associate Rob Hepburn, alongside Head of the Employment team, Ewan Keen, and Associate Krista Barnes.
It has been weeks of long hours and the complex sale is the culmination of a lot of hard work of all involved. In addition to the obvious challenges in the market, the team were all under enormous time pressure to get the transaction done. Working opposite US firms, Kirkland and Ellis and Simpson Thatcher, the transaction involved US, French, Belgian and English law. Our firm worked closely with accountancy firm Moore Kingston Smith and with our LAWorld colleagues at HWG Law in Washington.
For further information on this deal, the full press release issued by Duff and Phelps can be read here.
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