Burges Salmon has acted alongside Mazars for NC Technology & Consultancy Limited on the sale of its two subsidiaries, LexAble Limited and LexAble Services Limited, to Norwegian company Lingit.
Founded in 2007 by Neil Cottrell, LexAble has grown to be a leading provider of specialist education software with a focus on dyslexia and mental health, embracing neurodiversity. Its software supports schools, universities, blue-chip companies and charities globally.
The transaction will provide Lingit – an assistive software developer headquartered in Norway helping students with a range of learning difficulties – with access to LexAble’s unique auto-correction software and is set to drive the expansion of its customer base in the UK.
Neil Cottrell, Managing Director and founder, LexAble Limited & LexAble Services Limited, says: “We’re delighted to join the Lingit group. We’re very much looking forward to working together with the Lingit team, and learning from each other as we continue to grow.
"I’ve been really impressed with the expertise and responsiveness of Dominic and his team at Burges Salmon. I’ve learned a lot about the M&A process from them because they took the time to explain things to me, drawing on their considerable experience in this area. And of course, they supported us to get an outcome that benefited all parties”.
The Burges Salmon team advising on the transaction was led by Corporate partner Dominic Davis alongside senior associate Julie Book and solicitor Dan Wood. Dominic says: “We have thoroughly enjoyed working alongside Neil and the whole Mazars team; it was great to bring this deal to a successful conclusion for Neil after his years of hard work in growing the LexAble business.
"Despite the current market uncertainty, international appetite for successful UK companies remains strong, particularly in the tech space and this deal is a great example of strategic M&A being executed successfully. We wish Lingit and Neil all the best in growing the business and in developing LexAble’s product further to continue helping people reach their true potential.”