Mishcon de Reya has advised on the sale of Workshare to Litera Microsystem. Workshare is a London-based document comparison and transaction management specialist for the legal sector and Litera is a Chicago-based portfolio company of Hg Capital, which provides software for drafting, proofreading, comparing, repairing, cleaning and securing documents in the legal and life sciences industries worldwide.
The joining of forces of these two legal tech companies, both of whom have been involved in key legal technology innovation over the last decade, aims to facilitate the document drafting lifecycle by offering a simplified and seamless end-to-end solution through a single integrated supplier. The merger is set to expand the combined entity’s reach and market share.
Mishcon, who acted for Scottish Equity Partners and BGF - the majority co-investors and principal sellers - have tracked the Workshare investment throughout the period of ownership by SEP and BGF, having acted on the original acquisition back in 2012.
Corporate Partner Kevin McCarthy led the deal team which included Legal Director Allison Keyse, Associates Emma Miller and Natasha Basset, Trainee Solicitor Karine Bennamara and Paralegal Ashley Paterson. Across the firm, finance advice was provided by Managing Associate, Louisa Cockburn, Incentives by Partner Stephen Diosi and Associate Jennifer Anderson and Corporate Tax by Associate Leonie Byers.
"Mishcon de Reya have been involved with Workshare for a long period of time, from the initial acquisition by SEP and BGF, through several years of growth and evolution," said Kevin McCarthy. "During that period we have had the opportunity to get to know well the company and its people and have been able to provide advice across a wide and varied range of matters. The disposal to Litera marks the end of that involvement for now, but we wish the company well and will watch with interest in its next phase of development."