Fox Williams advised Tobias Sproehnle, Gareth Parker and Mark Pralle, the founder shareholders of fintech company Moorgate Benchmarks, on the sale of the company to Morningstar.
Moorgate Benchmarks is a global provider of independent investment research including index design, calculation and administration, helping index providers and product issuers to create new products.
Morningstar is a leading provider of independent investment research in North America, Europe, Australia and Asia and offers a number of products and services for financial investors and advisers.
The Fox Williams team was led by corporate partner Guy Morgan and included corporate associate Chien-Wei Lui, tax director Joanne Varia, commercial partner Nigel Miller and commercial associate Ben Nolan.
Guy Morgan said: “It’s a momentous day for Tobias, Gareth and Markwart to sell the company they founded and we’re incredibly pleased to have supported them throughout it. The transaction demonstrates our expertise in advising on corporate fintech transactions and securing the best possible terms for our clients.”