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Leading UK law firm has advised Aryza Group, a leading provider of software solutions for the financial services industry, on its acquisition of Oyster Bay Systems Limited (OBS) and its subsidiary Profile Data Services Limited (PDS).
Aryza is a global software and technology provider that specialises in delivering solutions for business across the credit and debt cycle. Oyster Bay Systems is a software development house targeting the finance and lending markets, developing and delivering powerful end-to-end lending systems, which manage the entire lifecycle from point of sale through to contract management and end of term. The acquisition will strengthen Aryza Group’s position in the finance and lending market, expanding the group’s capability in the loan management sector, adding scale and client reach in the UK and capability across Europe.
TLT advised Aryza Group on all aspects of the transaction. The team was led by corporate partner Alice Gardner supported by Dan Whitewood and Austen Howarth from the corporate team. The deal also involved cross-service expertise with support from Emma Bradley from TLT’s tax team and Manus Kearney from the employment team.
Oliver Maclean, group director, M&A at Aryza said: “This deal is an exciting step forward for the company, as we aim to grow and expand into new markets. We are very thankful to TLT for their excellent legal advice, across multiple teams, which enabled us to complete the deal in an efficient and timely manner.”
Corporate partner, Alice Gardner said: “This deal represents another example of the importance of corporate acquisitions in expanding into new markets. The strength and depth of our financial services and digital sector experience enabled us to work pragmatically with Aryza Group to ensure we could guide them through the deal.”
23 January 2024
News 12 JANUARY 2024