Fox Williams advises Jonas Software on the acquisitions of CORVID Paygate and Green 4 Solutions

July 8, 2019

Fox Williams recently advised Jonas Software on two separate acquisitions: the acquisition of Corvid PayGate (“PayGate") and Green 4 Solutions ("Green 4").

Jonas acquired PayGate in June 2019 from Ultra Electronics plc, a specialist international electrical and electronics engineering company. PayGate is a payment processing software business that provides data validation and services to support automated banking and e-commerce transactions, to help customers efficiently manage their cash flow, reduce costs and deal with emerging industry standards and regulations.

Green 4, a leading provider of CRM, ticketing and data driven marketing solutions to both the sport and recreational leisure sectors, was acquired by Jonas in March 2019. Built on Microsoft Dynamics CRM, “Go” is a single platform solution that helps organisations create fantastic relationships with their customers through carefully constructed online journeys and the intelligent use of data. Green 4 provides solutions to; Silverstone Circuit, Hollywood Bowl Group, Chill Factore, Aston Villa FC, Celtic FC, Club Atlético River Plate and other well recognised brands globally.

Jonas Software operates over 80 independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets. From its roots formed in the construction and club management markets, Jonas Software’s reach has grown extensively within the fitness, membership, hospitality and industrial verticals. Today, Jonas Software is proud to supply industry leading enterprise management software and related services to more than 80,000 customers in 20 vertical markets.

Working closely with the Jonas in-house team, the Fox Williams team on both acquisitions was led by Head of Corporate Richie Clark and corporate associate Sarah Carlton, principally assisted by corporate associates Freddie De Boise and Priya Mattu, Head of Tax Emma Bailey and tax director Joanne Varia, and real estate associate Mary Majewska

Richie Clark, said. “We were delighted to help Jonas Software successfully complete these two acquisitions, which served to drive Jonas forward as a leader in the recreational leisure space and to increase its presence in the complementary payment technology space. These deals further add to Fox Williams’s depth of experience in corporate transactions in the technology and fintech sectors.”


Related pages:

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Richie Clark
Partner
Direct dial: +44 (0)20 7614 2507
rclark@foxwilliams.com

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Sarah Carlton
Associate
Direct dial: +44 (0)20 7614 2613
scarlton@foxwilliams.com

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