Browne Jacobson advised NorthEdge and Orbis, while Proskauer advised Synova on the deal.
NorthEdge has sold a majority stake in Orbis Protect (Orbis), a leading provider of critical security services to the UK vacant property sector, for an undisclosed sum to growth investor Synova.
The transaction will support the further growth plans of Birmingham based Orbis. The business which was set up in 1981 specialises in the provision of property, site and personal protection services to its national client base which includes Tesco and Aviva.
NorthEdge originally partnered with Orbis in 2018 and supported the delivery of its technology and people strategies. In that time, Orbis has significantly grown its revenue streams, broadened its tech capabilities through its acquisition of Optosafe, a 360-degree CCTV tower provider, and grown its leadership team with various key appointments.
NorthEdge and Synova will both continue to help drive the further growth of the Orbis business through further investment in its product and service offering to its UK client base and expanding into the European market.
The Browne Jacobson team which was led by corporate finance partner, Michael Stace (Picture), comprised partner Gareth Davies (corporate); associate, Matt Dorman (corporate); senior associate, Clare Hanna (corporate); associate, Kurt Davies (commercial); partner, Susan Voice (real estate); associate, Jennifer Jenkins (employment); partner, Andrew Noble (tax); senior associate, Rebecca Hawkins (tax); senior associate, Chereta Edmeade (banking) and associate, Beth Nixon (banking).
The Proskauer team included partner Andrew Wingfield, special counsel Tony Downes, associates Darpit Mehta and Karim El Borhami and paralegal Jake Fuller.
Involved fees earner: Kurt Davies – Browne Jacobson; Gareth Davies – Browne Jacobson; Matthew Dorman – Browne Jacobson; Chereta Edmeade – Browne Jacobson; Clare Hanna – Browne Jacobson; Rebecca Hawkins – Browne Jacobson; Jennifer Jenkins – Browne Jacobson; Beth Nixon – Browne Jacobson; Andrew Noble – Browne Jacobson; Michael Stace – Browne Jacobson; Susan Voice – Browne Jacobson; Tony Downes – Proskauer Rose; Karim El Borhami – Proskauer Rose; Darpit Mehta – Proskauer Rose; Andrew Wingfield – Proskauer Rose;