Peter Jeffery leads team on Transparity Solutions’ significant investment from Beech Tree Private Equity

Transparity is a market leading Microsoft cloud specialist and provides major UK companies with a complete offering of Microsoft cloud manged services.

The shareholders of Transparity were looking to expand the business and ensure continuous growth for the future, along with a planned exit from the company, and so decided to seek long-term investment. The clients wanted to obtain investment from a company that would understand the needs of the business and share their vision for the future. Beech Tree specialises in investing in the technology sector and were a great fit for the transaction.

Particularly, the clients wanted to obtain investment that would help the business to expand its technical services including Security, Dynamic 365, Business Applications, Teams and Enterprise Voice services. It was important to reach an agreement whereby the selling shareholders would still have the ability to develop the business alongside the investor.

They were recommended to Moore Barlow by one of their fellow shareholders who previously dealt with Moore Barlow on the successful sale of his company and the team were keen to instruct us to assist again.

The transaction involved multiple aspects including the sale of the Transparity shares, the investment and the rollover of consideration into new shares in the ultimate holding company, along with a complete exit planned for the next 3-5 years.

The transaction involved a three-tier corporate structure (Topco, Midco and Bidco) whereby each entity served a different purpose in achieving the various aspects of the transaction. Particularly, Bidco was the purchaser in the transaction, resulting in Transparity sitting directly underneath and becoming a four-tier group structure, whereas Topco was the ultimate holding company in which the Sellers received part of their consideration for the sale of their shares in Transparity in the form of shares and loan notes in Topco, seeing the sellers aligned with Beech Tree.

This investment will enable us to improve and grow our high-quality offering to all our customers, accelerating our organic growth even further. We are particularly grateful to Peter Jeffery and his team at Moore Barlow for ensuring this deal progressed as smoothly as it did. Their legal expertise combined with an in-depth knowledge of our sector meant their advice was tailored to our business needs and ensured best possible outcome for all. Thank you for all your hard work and skilful diligence on this deal, we all really appreciated it and know that you have helped secure the best outcome for us.

David Jobbins, CEO of Transparity Solutions

The market for Microsoft specialist cloud service providers is growing fast. Transparity already have a strong presence this sector plus a happy customer base. We’re pleased to have supported them in securing an investment with Beech Tree, an investment that will further accelerate their growth.

Peter Jeffery, Partner, Corporate law, Moore Barlow