Travers Smith LLP has advised The Access Group, one of the UK's leading providers of software to mid-market customers, on its acquisition of Safe Computing.
With revenues of £18 million in 2016 and around 500 customers, Safe Computing becomes Access' biggest acquisition to date. Safe adds significantly to Access' existing recruitment sector capabilities and will be an obvious extension with its market leading Tempest 'Pay and Bill' solution. Safe's other products in the HCM (Human Capital Management) and FMS (Financial Management System) space focus on functionality and market segments that complement the existing Access portfolio.
The Travers Smith team was led by head of private equity Paul Dolman, with support from private equity associates Genevieve Marten and Sally Hirst. Specialist tax advice was provided by tax partner Kathleen Russ and tax associate Laura Jackson. Specialist finance advice was provided by finance partner Donald Lowe and finance associates Daniel Domb and Adeola Adesola.