Howes Percival’s Cambridge office has acted in the sale of digital design and software build agency Lola Tech Holdings to DataArt Technologies UK Ltd.
Lola Tech was founded in 2010, has offices in London and Romania and specialises in cloud-centric software solutions. DataArt, a global software development company, headquartered in the US, with over 25 locations around the world.
Howes Percival was instructed by the founder, Luke McNeice, CEO Inge Cuypers, and the other shareholders of Lola Tech Holdings, and worked closely with senior management on all aspects of the deal.
The team was led by Corporate Partner Oliver Pritchard, supported by Tom Maksymiw. The firm’s Jonathan Mumby and Matthew Potter advised on the employment law aspects of the deal.
Howes Percival’s Oliver Pritchard commented,
“We were really pleased to be able to advise Luke, Inge and Lola’s other shareholders in relation to this exciting deal. This transaction builds on our experience with tech business disposals and also involved an international dimension due to Lola’s Romanian based subsidiary and the Buyer’s global reach. We wish the business all the very best for the future.”
Luke McNeice, the founder of Lola Tech, commented,
“A big shout to Oliver and Tom who got us over the line. Howes Percival’s corporate ethos was a great match for ours, and that played a big part making it as straightforward as possible to work through all the different aspects of the transaction.”
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