Legal firm Wragge & Co is celebrating after advising defence giant QinetiQ – which has a plant in Malvern – on its £9.85 million acquisition of UK-based Commerce Decisions.
The deal will see QinetiQ acquire 100 per cent of the equity of Commerce Decisions, a market-leading provider of tender assessment and management software products.
Birmingham-based corporate partner Baljit Chohan led the deal, assisted by solicitors Nigel Collins and Louise Baillie. Wahida Rehman advised on tax issues and Brian Meenagh on intellectual property (IP) matters.
Mr Chohan said: “Wragge & Co’s strong working relationship with QinetiQ ensured we understood its objectives. This is a great strategic acquisition for QinetiQ’s growing advisory business and the team’s knowledge of the sector, coupled with our mid-market expertise, made us the ideal choice for this instruction.”
Commerce Decisions is a privately-owned, venture capital backed company based in Oxford. Its AWARD tender evaluation software supports the tender assessment and management process for both buyers and suppliers. It improves the effectiveness of the evaluation process and provides an audit trail for decisions, ensuring procurers make the right buying decision. Law firm Bristows advised Commerce Decisions.
FTSE 250 company QinetiQ Group provides defence and security based technology solutions and services. Its acquisition of Commerce Decisions will bring significant sales opportunities for AWARD through existing sales channels throughout Europe, the Middle East, Australasia and North America.
Wragge & Co was appointed to QinetiQ’s law firm panel at the end of 2006 and continues to work closely with it on corporate transactions. Last year the team advised on the creation of QinetiQ Ventures, a new technology venture fund in partnership with Coller Capital.
Wragge & Co’s 70-strong corporate group is spread across the firm’s Birmingham and London offices, and is a mid-market specialist, working with clients ranging from global brands to private companies.