Matheson advised Motive Partners, a US private equity firm, on its investment in Global Shares plc. The deal, which is subject to customary closing conditions (including regulatory clearance), is expected to close in the fourth quarter of 2018.
Motive Partners is a sector-specific investment firm focused on technology-enabled companies that power the financial services industry.
Global Shares plc, Deloitte’s 2017 “Irish Fintech Company of the Year”, was founded in 2005 and is a market-leading provider of innovative software and services for employee equity share plan administration, including: equity compensation management solutions, share plan administration, global custody, share-dealing and financial reporting services to companies and their employees in over 100 countries worldwide. These companies include Cargill (US), GlaxoSmithKline (UK), Sage (UK), Generali (IT) and many more.
Andy Stewart, Founding Partner at Motive Partners said:
“Brian McCloskey, Susan Carroll and the wider team at Matheson have provided us with valuable support during the transaction. It is important for us to build strong partnerships in Ireland as we target further Irish Fintech investments and we look forward to working with Matheson again in the future.”
Brian McCloskey, Corporate M&A Partner at Matheson said:
“We were delighted to deliver a cross-departmental service to Motive Partners and to work with Motive and its UK lawyers on this significant investment in Global Shares plc. The transaction represents further evidence of Ireland’s attractiveness as a destination for Fintech investment.”
With a wealth of experience across our five partner led offices worldwide and a dedicated 100 person Corporate Department, Matheson has some of the most experienced corporate lawyers in Ireland and were named Ireland M&A Legal Adviser of the Year at the 2017 Mergermarket European M&A Awards. Excellence matters and Matheson’s Corporate Department, led by 20 partners, has unparalleled experience in complex and innovative domestic and international corporate transactions across all industry sectors.