Indigo Software Sells to Aptean Inc.
Deal News | Nov 08, 2024 | B Daily
Hay & Kilner LLP, a full-service law firm from the North East of England, advised the shareholders of Indigo Software on its strategic sale to Aptean Inc, a globally renowned provider of industry-specific software. This deal, whose financial details remain undisclosed, signifies an intersection of legal and software expertise, showcasing Hay & Kilner's pivotal role in facilitating this acquisition. Based in Durham and founded in 1980, Indigo Software is a specialist provider of warehouse management and supply chain software, servicing diverse sectors such as food and beverage, fashion, and automotive. Their clients include household names like Greene King and Puma. Such a diverse application of their technology made Indigo an ideal acquisition for Aptean Inc, which is headquartered in the USA. Aptean is known for its tailored software solutions and welcomes Indigo to enhance its warehousing operations. Legal representation for Indigo was led by Mark Adams from Hay & Kilner, with tax advice from RSM's Newcastle office. Aptean's advisors included Skadden, Arps, Slate, Meagher & Flom LLP, Deloitte, and Ernst & Young. The transaction highlights the software sector's vibrant landscape in the North East, underscoring the strategic aspirations of both Indigo and Aptean in delivering premier supply chain solutions globally.
Sectors
- Software
- Legal Services
- Consulting and Advisory Services
Geography
- United Kingdom – Indigo Software is based in Durham, UK, and was advised by UK-based firms such as Hay & Kilner LLP and RSM.
- United States – Aptean Inc, the acquiring company, is headquartered in the USA, indicating the geographical scope of the transaction.
Industry
- Software – The main industry involved is software, as the transaction revolves around Indigo Software, a company specializing in warehouse management solutions.
- Legal Services – Hay & Kilner LLP, a law firm, played a critical advisory role in the transaction, indicating the Legal Services industry's involvement.
- Consulting and Advisory Services – Firms like RSM and Deloitte provided expert advice, indicating the involvement of the Consulting and Advisory Services industry.
Financials
- Undisclosed – The financial terms of the acquisition of Indigo Software by Aptean Inc have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Indigo Software | Target Company | Company | A Durham-based company specializing in warehouse management and supply chain software. |
| Aptean Inc | Buying Company | Company | A US-headquartered global provider of industry-specific software solutions. |
| Hay & Kilner LLP | Legal Advisor to Indigo Software | Company | A full-service law firm providing advisory services to Indigo Software in the sale to Aptean. |
| RSM | Tax Advisor to Indigo Software | Company | Provided specialist tax advice to Indigo shareholders from their Newcastle office. |
| Skadden, Arps, Slate, Meagher & Flom LLP | Legal Advisor to Aptean Inc | Company | Provided legal advice to Aptean Inc from their London office. |
| Deloitte | Advisor to Aptean Inc | Company | Provided advisory services to Aptean Inc for the acquisition. |
| Ernst & Young | Advisor to Aptean Inc | Company | Provided advisory services to Aptean Inc in this transaction. |