Moorcrofts LLP advises on demerger of Extrinsica Global’s intelligent automation software business

    Submission Date: 23/01/19
    Deal Value: Not disclosed
    Details: Extrinsica Global Limited delivers enterprise-grade, cloud-based solutions to customers around the globe, from design and build through to service management and support, and it has been a Microsoft Worldwide Partner of the Year Finalist in 2015, 2016 and 2017.

    The transaction (which included two preliminary capital reductions, followed by a capital reduction demerger) has resulted in Extrinsica Global’s intelligent automation software business (which is now owned by Certain Six Limited) being demerged from its cloud-based business (which continues to be owned by Extrinsica Global Limited).

    The transaction also involved fresh rounds of investment from existing shareholders in both Extrinsica Global and Certain Six.
    Legal Advisers: Peter Woolley (corporate partner) led the transaction, with support from Kierendeep Sahota (corporate assistant solicitor).