Submission Date: 23/01/19
Target: Chapman Black and Elliot Browne Groups.
Acquirer: Endorsed Group Limited
Details: Moorcrofts’ corporate team has advised leading recruitment firm and recruitment software provider, Endorsed Group Limited, on a multimillion pound corporate reorganisation and merger of the Chapman Black and Elliot Browne Groups.
The reorganisation involved the interposition of a new holding company, Endorsed Group Limited, which brought together 10 associated companies, including Elliott Browne International Limited which is a global leader within Microsoft and Business Intelligence Technologies and Endorsed Technologies Limited, a leading recruitment software provider, into one group.
The transaction involved business transfers, share exchange arrangements, the transfer of intellectual property and assets, the creation of a bespoke and performance led employee share scheme and the creation of new tracker shares in the holding company to facilitate complex capital sharing arrangements. Moorcrofts also worked closely with lawyers in the US and Germany to transfer the US and German subsidiaries to the group.
Corporate Finance Advisers: The Endorsed Group was also advised on the transaction by tax advisors, Nunn Hayward, which was led by partner, Simon Dodd.
Legal Advisers: Teri Hunter (corporate partner) led the transaction with support from Will Pearce (senior corporate solicitor), Kierendeep Sahota (corporate solicitor) and Katie Osborne (commercial and IP solicitor).