Charles Russell Speechlys advises Legend Club Management Systems on its sale to Transaction Services Group
Charles Russell Speechlys has advised the shareholders of Legend Club Management Systems, a leading provider of management software in the leisure industry, on a sale to Transaction Services Group (TSG), a portfolio company of Advent International.
Advent International, one of the largest and most experienced global private equity investors, acquired TSG in June 2019. This transaction has helped TSG to expand their business worldwide.
The sale of Legend Club Management Systems (a leading SaaS solution for driving improvements in leisure operations) to TSG will help to increase their existing customer base and helps to grow the business further.
Corporate Partner David Coates at Charles Russell Speechlys commented: “We were delighted to advise Sean Maguire and the majority shareholders of Legend Club Management Systems. Supporting founder owned and PE backed businesses through every stage of their growth journey is a key focus for us as a firm. This deal also strengthens our experience in the TMT sector. We wish every success to Legend Club Management Systems as they continue to develop.”
Sean Maguire, Managing Director of Legend Club Management Systems, commented: “Many thanks to David and the Charles Russell Speechlys team for their support through the sale process. Their technical expertise and commercial insight, backed by their sound understanding of our business model and the wider sector were mission critical to getting the deal done and achieving our transaction objectives.”
The Charles Russell Speechlys team was led by Corporate Partner David Coates also comprised Corporate Associate James Moubray, Trainee Solicitor Millie Parrott and Dana Marshad with the support of Commercial Associate Christina Fleming and Senior Tax Associate Helen Coward.
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