Fox Williams advised the shareholders of Adam Phones on the sale of the Company’s entire issued share capital to Radius Payment Solutions. Radius is Europe’s leading independent service provider to the fleet and logistics market.
Adam Phones integrates and unites a diverse range of products and is one of the only service providers in the UK with licenses to sell and support all three major mobile networks. The transaction combines the experience and expertise of Adam Phones with Radius, and will ensure the enlarged group can build a successful telecoms division.
Paul Osborne, Senior Partner at Fox Williams, said: “It has been an enormous privilege acting for Adam Phones for more than 25 years. Under the leadership of Adam Toop the business has flourished and enjoyed tremendous success. Joining forces with Radius will allow the enlarged group to go from strength to strength. We are delighted with the outcome for Adam, his fellow shareholders and management team”.
Adam Toop, Chairman and CEO of Adam Phones, said: “Fox Williams provided first rate advice, expertise and commercial understanding to ensure we reached a successful completion. I am hugely grateful to Paul and his team for their commitment, support and guidance throughout.”
Senior partner Paul Osborne led the Fox Williams team which consisted of partners Mary Elliott (corporate), Emma Bailey (tax), Nigel Miller (IT and telecoms), Simon Bennett (IP) and Peter Wright (regulatory). The team was also supported by Joanne Varia (tax director), senior associate Daisy Jones (employment) and associates Charlotte Eliasson (corporate), Priya Mattu (corporate), Mary Ince (real estate) and Arjun Majumdar (tech and IT).