A member of the FTSE 250, Micro Focus is a provider of innovative software that allows companies to improve the business value of their enterprise applications.
Its market leading software is used by more than 11,000 customers, with 2 million licenced users, including 91 of the Fortune Global 100 companies. Micro Focus operates from 37 offices worldwide, employing more than 1,200 employees.
Travers Smith advised on the merger of Micro Focus with Attachmate, a global provider of infrastructure software solutions. The merger was one of the largest consolidations in the global software infrastructure market in recent years, creating a leading global infrastructure company and potential new FTSE 100 entrant with combined revenue of US$ 1.4 billion, operations in all major geographies and a workforce exceeding more than 4,500 employees.
The merger constituted a reverse takeover for the purposes of the UKLA’s Listing Rules and was conditional upon, among other things, merger control clearance in the United States, Germany and Austria, completion of a US$2 billion refinancing of the existing debt of both Micro Focus and the Attachmate Group and Micro Focus shareholder approval.
Built to integrate existing systems and emerging technologies, the Attachmate Group helps organizations extend, manage, and secure essential business information. It maintains its principal office in Houston, Texas and operates its business from four main distributed offices in Provo, Utah; Houston, Texas; Seattle, Washington and Nuremburg, Germany.
Travers Smith worked alongside Kirkland & Ellis in the United States, Minter Ellison LLP in Australia, Stikeman Elliott LLP in Canada, Noerr LLP in Germany, Khaitan & Co in India, Arthur Cox in Ireland, Jun He in China and Kinstellar s.r.o. in Czechoslovakia.
Details of the deal
Advised on the merger of Micro Focus with Attachmate, a global provider of infrastructure software solutions
Germany, Canada, Czech Republic, China, UK, Australia, Ireland, India and the United States