JMW Solicitors has advised Voly on the deal. Addleshaw Goddard advised Magenta Partners.
Voly, based in Cheadle, is a fast-growing multi-asset management and payment solution provider to the yachting industry, media sector and family offices.
Founded by former tennis pro, Ian Flanagan, the business has invested heavily in its software and support capabilities, securing circa 50% year-on-year growth. Originally launched for the yachting industry, it now also serves the media industry and private clients.
Voly was advised by Mike Blood (Picture) and Emma Hickman at JMW.
Magenta was advised by Marc Field at Addleshaw Goddard, and Philip Quigley at Smith and Williamson.