Allata Enhances Global Reach with Imriel Acquisition
Deal News | Dec 12, 2024 | Mishcon
Mishcon de Reya's private equity team has played a pivotal role in advising Allata, a portfolio company of CIVC Partners, on acquiring Imriel Limited. Imriel is recognized for its software, database, and digital solutions. The acquisition, which encompasses targets in both the UK and India, is designed to fortify the existing bond between Allata and Imriel, broaden Allata's service offerings, and enhance its global market coverage. This deal, aided by Mishcon's comprehensive team including experts from corporate tax, employment, intellectual property, and commercial sectors, aligns with the firm's focus on the innovation economy, particularly in AI and technology. Khaitan & Co. provided regional legal expertise for the deal's Indian component.
Sectors
- Private Equity
- Technology and Software
- Artificial Intelligence
Geography
- United Kingdom – Imriel Limited, a target company, is based in the UK, making it a central geographic component of the acquisition.
- India – The deal includes aspects in India, as indicated by the involvement of Khaitan & Co. for Indian legal matters.
- United States – Allata, the acquiring firm, is a global company potentially headquartered in the US (as mentioned), influencing the transaction's international aspect.
Industry
- Private Equity – The article is centered around a transaction advised by a private equity team, highlighting the active role of Mishcon de Reya and CIVC Partners in the deal.
- Technology and Software – Imriel Limited operates in the technology sector, providing software, database, and digital solutions, which are critical aspects of this acquisition.
- Artificial Intelligence – Allata, the acquiring company, is a global AI consulting firm, indicating the strategic importance of AI in this acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Allata | Acquiring Company | Company | A global AI consulting firm focused on delivering digital solutions, enhancing service offerings, and expanding market reach. |
| Imriel Limited | Target Company | Company | A technology firm specializing in software, database, and digital solutions. |
| Mishcon de Reya | Legal Advisor | Company | Mishcon's private equity team, led by Kevin McCarthy, provided legal advice for Allata during the acquisition process. |
| CIVC Partners | Parent Company | Company | A private equity firm with Allata as part of its portfolio. |
| Khaitan & Co | Legal Advisor | Company | Provided legal assistance for the Indian aspects of the deal. |