The Royal Bank of Scotland’s £53 million acquisition of FreeAgent Holdings plc

Dentons is advising FreeAgent Holdings plc (“FreeAgent”), the AIM-listed provider of cloud-based Software-as-a-Service (SaaS) accounting software solutions and mobile applications designed primarily for UK micro-businesses and their accountants, on its proposed acquisition by The Royal Bank of Scotland Group plc (“RBS”).

The terms of the recommended cash offer value FreeAgent at approximately £53 million.

Dentons Corporate partner Brian Moore (picture) is leading on the deal, assisting by Corporate counsel Donald Smith and Tax partner Lorna McCaa.

Involved fees earner: Brian Moore – Dentons; David McGrory – Dentons; Donald Smith – Dentons; Lorna McCaa – Dentons;

Law Firms: Dentons;

Clients: FreeAgent Holdings plc ;