Thomson Snell & Passmore Advises on IT Specialist Acquisition
Tribeca Technology Holdings, with guidance from law firm Thomson Snell & Passmore and Castle Corporate Finance, has been acquired by Abacus Group, a managed services provider for financial services firms worldwide.
The acquisition will significantly expand Abacus Group’s UK operations and capabilities.
Joanne Gallagher, head of corporate, and Faye Cook, partner in the corporate team at Thomson Snell & Passmore, led the legal M&A team for the sale of Tribeca.
Gallagher expressed her satisfaction with the transaction, highlighting the growth opportunities it presents for both organizations.
Mark Instance, managing director of Tribeca, shared his excitement about the acquisition, emphasizing the benefits it will bring to clients and employees globally.
The collaboration with Thomson Snell & Passmore and Castle Corporate Finance was praised for providing valuable advice and support throughout the deal.
Victoria Ansell, director of Castle, commended Mark and his team for building a successful business at Tribeca and expressed optimism for their future success under Abacus Group.
The deal involved a dedicated team from Thomson Snell & Passmore and Castle Corporate Finance, ensuring a successful outcome for all parties involved.