Travers Smith LLP has advised its long-standing client Micro Focus International plc (Micro Focus), the global enterprise software company, on the proposed US$375 million sale of its Digital Safe business to Smarsh, Inc.
The sale is conditional upon all applicable waiting periods under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976 having expired or been terminated and the completion of all necessary employee information and consultation requirements. Completion is expected in the first quarter of 2022.
The Digital Safe business forms part of the Information Management and Governance (IM&G) Product Group and includes Digital Safe products and the complementary offerings of Social Media Governance, Supervisor and eDiscovery.
Micro Focus is a global enterprise software company supporting the technology needs and challenges of the Global 2000. Micro Focus' solutions help organisations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times.
The Travers Smith team was led by Partner and Head of Corporate Spencer Summerfield, who was supported by Corporate Partner Mohammed Senouci, Senior Associate Graeme Earle and Associates Ella Sharpley and Fabian McNeilly. Additional specialist advice was provided by Partners Dan Reavill and James Longster in Commercial, IP & Technology, Partner Nigel Seay and Senior Counsel Paul McComb in Competition, Partner Madeline Gowlett and Senior Associate Silvana Van der Velde in Tax, and Partner Mahesh Varia in Incentives & Remuneration