2 April 2005 – LAWFUEL – The Law News Network – Allen & Overy has acted for Barclays Capital and ABN AMRO Bank N.V. in the financing of Northgate Information Solutions plc’s acquisition of Sx3 from Viridian. Sx3 is a leading supplier of IT and outsourcing services, principally to local authorities throughout the UK.
The deal was completed in a short timetable, partly driven by Northgate’s need to close the deal with Viridian ahead of competition from other prospective purchasers rumoured to be interested.
Senior associate David Campbell commented: “We are pleased to have worked with Barclays Capital and ABN AMRO on another successful transaction for Northgate. We were able to demonstrate Allen & Overy’s ability to drive a transaction forward while also focussing on detail, helping our clients to meet their objectives within the demanding timetable of this deal.”
The Allen & Overy team was led by banking partner Stephen Kensell and senior associate David Campbell, assisted by senior associate David Sanders and trainee solicitor Thomas Walsh. Partner Alistair Lindsay and associate Nick Scola advised on competition issues.
Linklaters advised Northgate.