Penningtons Manches has advised the senior team at Concep, led by investors Beaumont Capital, on the management buy-out of the marketing technology firm from its external shareholders, including former founders, for an undisclosed sum.
With offices in London, New York, Sydney and Sofia, Concep currently provides around 300 clients in the legal and professional services industry with digital marketing solutions. More than 50% of Concep’s clients are law firms, including a significant number of the global top 250.
Concep’s Chief Executive Officer, Dan Morgan commented: “Major players are waking-up to the huge opportunity in the legal and professional services tech market. We are seeing the rise of a new breed of marketing technologists who need a simple-to-use platform to connect their marketing activities and arising data more efficiently. The time was right for an MBO and it was great to be able to work with David and Dominique, longstanding corporate legal advisers of ours, to complete the deal. Their input was a massive support to us.”
Corporate partner David Tighe, who led Penningtons Manches’ team, commented: "We have worked with Dan for a long time and so we were delighted to be able to help him and the senior team at Concep on such a high profile transaction within the marketing technology sector. I’m sure it will be a fantastic success as they continue to develop the business over the coming years."
David was supported by corporate senior associate Dominique Sabatini and tax specialist Kathy Hills.
The management team at Concep were also advised by tax specialists from BKL, London.