Business Unit Sale – UK-based Multinational

When a UK-based multinational sold its facilities management business to another multinational, both companies needed to stay compliant with their software licence terms throughout the IT separation.

What did we do?

Working with both parties, we negotiated the buy-out and assignment of Microsoft Enterprise Agreement licences, made sure business-critical software was in place on the day of sale, negotiated vendor support for the Transitional Services Agreement, and helped the business rationalise its software estate. We succeeded in supporting the IT separation programme to schedule, while staying compliant with the software contracts and the Transitional Services Agreement.

SaaS Contract Novation – Multinational Facilities Management Company

A multinational facilities management and construction business had acquired a facilities management subsidiary that relied on a business-critical software-as-a-service source-to-pay and contract management application.

What did we do?

Working for the acquiring business, we negotiated a complex three-way novation: a series of contracts that replaced the original parties on an agreed future date, with dual running of the system for both parties in the meantime. We made sure every stakeholder was clear about how the platform would be managed in future, and that each party’s confidential data was kept separate and secure to meet competition requirements. We succeeded in securing a very competitive price, while minimising the conditions the vendor attached to its consent.