Ashfords LLP, one of the UK’s leading law firms, with nearly 500 staff and offices throughout the Southwest and in Central London, is pleased to announce that its Bristol-based Corporate Finance team has advised local payment card technology company CreditCall Limited on a management buy-out of the company. Financial backing for the transaction was provided by FF&P Private Equity and Bestport Ventures.
CreditCall delivers innovative transaction processing services and secure payment technology, which support credit and debit card payments to international customers from industry sectors as diverse as vending, parking, ticketing and e-commerce.
The Ashfords Corporate team was led by Bristol Corporate Partner Louise Workman, assisted by James Webb. The complex nature of the transaction and the technology involved required Ashfords to utilise its in-house expertise across a number of practice areas, including Commercial and IT, Employment, Commercial Property, Tax and Banking, each one contributing to the overall success of the deal.
Commenting on the Buy-Out, Peter Turner, CEO of CreditCall, said: “The Ashfords team demonstrated their professionalism and knowledge of what is a sophisticated and complex business, as well as their strength in depth. We very much enjoyed working with them.”
Louise Workman of Ashfords added “CreditCall is an innovative local company with a growing international reputation which is leading the way in pioneering new technology in the payment services industry. We are delighted to be working with CreditCall and look forward to continuing to assist management in the further development of the business.
Client Relationship Partner Andrew Betteridge, concluded: “This is yet another deal successfully completed by the Ashfords’ Corporate Team and highlights the quality and complexity of the work undertaken by us here in Bristol as we increase our corporate presence and continue to grow.”