Osborne Clarke has advised Bravura Solutions Limited on the deal.
Bravura acuired Delta for a total consideration of up to £23.0m (A$41.5m1).
Delta is a UK software company that provides technology to power complex pensions administration in the UK market. Delta’s highly regarded products support the administration of SIPPs (self-invested personal pensions) and SSASs (Small Self-Administered Schemes), including the full range of complex client drawdown options available under the pension freedoms legislation. Delta’s technology currently supports the needs of more than 30 UK clients.
The acquisition broadens Bravura’s product suite. Delta’s products represent a natural extension to Bravura’s core Sonata offering and expand Bravura’s ecosystem of products and services. The acquisition also provides an opportunity to offer Bravura’s other products to Delta’s client base.
The Osborne Clarke team advising Bravura included Partner Matthew Bodfield (Picture) and Senior Associate Jonathan Falconer.
Law Firms: Osborne Clarke;
Clients: Bravura Solutions Limited;