Charles Russell Speechlys advises shareholders of MMRIT on the sale to TiG Data Intelligence
Charles Russell Speechlys has advised the shareholders of Managing Maintenance Resources Holdings Limited on the sale of the company to TIGL Holdings Limited, an award-winning IT digital transformation, data analytics and cloud solutions company.
MMRIT, a professional IT services provider to professional organisations, has been supporting financial services and legal services organisations for 30 years. The combination of MMRIT and TiG Data Intelligence has created one of the largest London-centric providers of expert IT digital transformation and data analytic solutions to financial services and law firms with over 150 employees.
Charles Russell Speechlys’ expertise in the TMT sector enabled the corporate team to deliver expert and bespoke advice to the MMRIT team on the transaction.
Tim Lines, Managing Partner of MMRIT, commented: “The strength of the excellent team at Charles Russell Speechlys led by Mark Howard made a significant difference to the outcome of the transaction and the strength of our negotiating position. The team at Charles Russell Speechlys was always in front of the process, guiding us throughout the journey.”
Lai Chiu, Managing Partner of MMRIT, added: “I appreciate that there were many late nights and would like to offer my sincere thanks to everyone in the Charles Russell Speechlys team who worked tirelessly to steer us through the complexities of the deal.”
Mark Howard, Corporate Partner and Joint Head of TMT, commented: “We were delighted to advise the MMRIT shareholders on this transaction. IT services and software is a significant aspect of our TMT sector offering and we are pleased to have further added to our experience in this sector. We wish the enlarged business every success going forward.”
The Charles Russell Speechlys team, led by Mark Howard, included associate Jun Park and trainee Molly Mosely (Corporate), partner Robert Birchall and associate Elliot Michaelson (Corporate Tax), partner Andy Williams and associate Sophie Lockwood (Employment), senior associate Chris Ingram and associate Alex Griffiths (Commercial), and associate Martin Fisher (Real Estate).
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