Tracesmart Group Limited
Our Corporate team is delighted to announce that it has acted as legal advisor to the owners of Tracesmart Group Limited (“Tracesmart”) on the recent sale of the entire issued share capital to LexisNexis Risk Solutions UK Limited (“LexisNexis”).
Based in Cardiff, Tracesmart was founded in 1999 and has a 70-strong workforce. It is one of the UK’s leading providers of consumer data, identity, risk and tracing solutions for a wide range of customers in sectors such as financial services, life and pension, collections, insurance and retail. The business services UK clients by delivering web-based software for tracing, identity verification/fraud prevention, anti-money laundering, debt collection and data cleansing.
LexisNexis is part of Reed Elsevier, a world leading provider of professional information solutions, employing approximately 28,000 people across the globe. The acquisition of Tracesmart follows on the back of recent acquisitions made by LexisNexis in the USA and is designed to scale up operations in the UK.
The team was led by James Williams, Partner and Richard Jones, Associate. Mark Hislop of Advantage Accountancy & Advisory LLP acted as corporate finance advisor for the owner. Freshfields Bruckhaus Deringer LLP and PwC accountants advised LexisNexis.
Mike Trezise, managing director of Tracesmart, said: “Determining the negotiating team for the sale of Tracesmart was crucial for this deal. Following a number of provisional meetings with various corporate finance and legal advisors, Advantage and Blake Morgan clearly stood out. The advice, support and commitment demonstrated by both firms throughout every stage of the negotiations were exceptional. I would like to extend my thanks personally to Mark Hislop and James Williams for their meticulous and diligent work in securing and concluding the transaction.”