Fox Williams advised Charles Taylor Plc (“Charles Taylor”) on its acquisition of the business and assets of KnowledgeCenter Ltd (“KnowledgeCenter”) for a maximum consideration of £7.1 million (subject to various earn-out provisions). The transaction completed on 5 September 2013.
Charles Taylor Plc is a main market listed leading international provider of professional services to clients in the global insurance market.
KnowledgeCenter is an established provider of tailored business solutions to the insurance industry based on its market-leading business process management and document management software applications. KnowledgeCenter provides technical assistance at all levels of a project’s lifecycle from initial project definition, through consultancy/analysis and design, solution development, implementation and product or solution training. It will become part of Charles Taylor Insurance Support Services, which provides professional support services to clients in the Lloyd’s, London and international (re)insurance markets.
The Fox Williams team was led by corporate partner Nick Sayers assisted by corporate associate Mary Elliott, employment partner Mark Watson and real estate partner Elizabeth Ruff. Spring Law acted for KnowledgeCenter Ltd.