Mercell Holding’s £15 Million Cash Offer For EU Supply PLC

Ashurst advised Mercell Holding AS (‘Mercell’) in relation to its £15 million recommended cash offer for EU Supply PLC.

Mercell is a provider of e-tendering Software as a Service (SaaS) solutions in the Nordic region and tender alert SaaS solutions in the Nordic and Baltic regions.

EU Supply PLC is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, multilingual e-procurement platform for e-sourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

The Ashurst team is being led by corporate partner James Fletcher (Picture), assisted by associates Sara Hamzawi, James Powell and Oliver Perkins, and trainee Aaron Koh. Competition partner Steven Vaz and competition associate Danica Barley are also advising on the transaction.

Involved fees earner: Danica Barley – Ashurst; James Fletcher – Ashurst; Sara Hamzawi – Ashurst; Aaron Koh – Ashurst; Oliver Perkins – Ashurst; James Powell – Ashurst; Steven Vaz – Ashurst;

Law Firms: Ashurst;

Clients: Mercell Holding AS;