FW recently advised Volaris Group Inc. (“Volaris”), an operating group of TSX-listed Constellation Software Inc., on the acquisition of Wellington Computer Systems Ltd (“Wellington IT”).
Wellington IT provides mission-critical software to both the Credit Union and Beverage Distribution industries. Its Credit Union solutions are used by more than 150 Credit Unions throughout Ireland to manage many of the processes associated with delivering member services such as online banking, smartphone apps, and full access to national clearing. In addition, the company provides a comprehensive ERP solution to the beverage distribution industry to help with the management of financials, order processing and stock control.
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialised, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Benefits Administration, Communications, Cultural Collections Management, Insurance, Justice, Marine, People Transportation, Rental Management and Communications.
Working closely with Volaris’ excellent in-house legal team, the Fox Williams team on the transaction included Head of Corporate Richie Clark, corporate associates Mary Elliott and Hannah Sensecall, tax partner Emma Bailey and tax senior associate Jaspal Pachu. Cleaver Fulton Rankin acted for the sellers.
Richie Clark commented: “We are delighted to have worked with the Volaris team on this acquisition, which further enhances the group’s impressive offering in the Credit Union and Beverage/FMCG industries. The deal further underlines Fox Williams’ strength in the technology sector, in particular the FinTech space where we have a market leading offering.”