Fox Williams has advised existing client Summerway Capital PLC, an AIM quoted investing company in connection with amendments to its investing policy, the appointment of new directors, including Vinodka (Vin) Murria OBE as Chairman and a placing and issue of warrants.
During her executive career, Ms Murria was the founder and Chief Executive Officer of Advanced Computer Software Group plc from 2008 until 2015 where she built the business organically and through acquisition from an initial cash shell to its eventual £725 million sale to Vista Equity Partners, generating significant double-digit returns for its shareholders. The business was named Tech Company of the Year (2014) having grown to be the 3rd largest UK headquartered software business. Prior to Advanced Computer Software, Ms Murria was Chief Executive Officer of Computer Software Group plc from 2002 until 2007, completing a number of acquisitions, including a merger with IRIS Software, and subsequently exiting the business to Hellman and Friedman at a £500 million valuation.
Under its new strategy and with the enhanced board’s expertise, Summerway is focused on investment and acquisition opportunities across the software, SaaS and digital technologies and services sectors and is seeking to invest in or acquire businesses that can be organically or acquisitively grown to become leading providers of enterprise software, solutions and services.
The Fox Williams team was led by corporate partner Guy Morgan, who was supported by corporate associate Anjali Aravindhan.