Walkers Cayman, instructed by Paul Hastings LLP, acted as Cayman Islands counsel to Vector Capital, the owner of Aspect Software, in respect of the proposed merger of Aspect Software with Noble Systems, to form Alvaria (a new global company delivering optimised customer experience and workforce engagement software and cloud services technology solutions).
Aspect Software will merge with Noble Systems of Atlanta Georgia, to form Alvaria™, a new global company delivering optimized customer experience and workforce engagement software and cloud services technology solutions.
Abry Partners financed the merger and is now the majority owner of the combined company. Vector Capital will continue as minority equity holder. The total value of the combined transaction is over US$1 billion.
Alvaria was founded through the merger of Aspect Software and Noble Systems, technology leaders in Customer Experience (CX) and Workforce Engagement solutions.
Abry is one of the most experienced and successful sector-focused private equity investment firms in North America.
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses.
The Walkers’ team was led by Cayman Islands partner Melissa Lim (Picture) and senior counsel Matt Bernardo, with assistance from associate Daniel Walford.
The Paul Hastings team was led by partner Dana Kromm, and also included partner Steve Camahort, and associates Evan Griffith, Erica Lee and Meera Patel.
Involved fees earner: Steve Camahort – Paul Hastings LLP; Dana Kromm – Paul Hastings LLP; Erica Lee – Paul Hastings LLP; Meera Patel – Paul Hastings LLP; Matt Bernardo – Walkers Global; Melissa Lim – Walkers Global; Daniel Walford – Walkers Global;
Clients: Vector Capital;