Tech M&A – Sale of Elevate2

Herrington Carmichael’s specialist tech M&A team were delighted to assist the shareholders of Elevate2 Limited on their successful acquisition by the Goodman Group, consisting of Goodman Bidco Limited as the purchasing entity, alongside a healthy investment from FPE Capital LLP for future growth.

Elevate2, which was founded in 2013 by Alex Lester, seeks to assist clients in transforming their business operations with cloud based ERP software. Their drive, successful track record, and ingenuity in digital transformation for businesses, has made them the largest leading independent partner of Oracle NetSuite in London.

FPE Capital LLP operates as a private equity firm investing in technology, data workflow management, credit payment processing and geoscience, serving institutional investors and focusing on rapidly growing companies within the United Kingdom.

This transaction occurred simultaneously with the Goodman Group acquiring another NetSuite Partner, NoBlue, whilst ensuring all parties intentions and positions were aligned in amalgamating these two businesses into the Goodman Group.

The Herrington Carmichael team involved in the transaction was led by Matthew Lea (Legal Director) and assisted by Emma Docking (Solicitor), Stephen Taylor (Trainee), Tom Hyatt (Employment), and Michelle Lamberth (Senior Paralegal).

Matt is one of the best solicitors I have had the pleasure to work with, always timely with responses, with very measured advice. His support team were excellent, making the whole process a smooth experience.

– Alex Lester, CEO Elevate 2 Limited

Matt Lea
Partner, Corporate
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This reflects the law and market position at the date of publication and is written as a general guide. It does not contain definitive legal advice, which should be sought in relation to a specific matter.

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