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Howes Percival acts in tech company sale

Law firm Howes Percival’s Cambridge office has acted in the sale of digital design and software build agency Lola Tech Holdings to DataArt Technologies UK Ltd.

Lola Tech was founded in 2010, has offices in London and Romania and specialises in cloud-centric software solutions.   DataArt, a global software development company, headquartered in the US, with over 25 locations around the world.

Howes Percival was instructed by the founder, Luke McNeice, CEO Inge Cuypers, and the other shareholders of Lola Tech Holdings, and worked closely with senior management on all aspects of the deal.

The team was led by Corporate Partner Oliver Pritchard, supported by Tom Maksymiw.  The firm’s Jonathan Mumby and Matthew Potter advised on the employment law aspects of the deal.

Howes Percival’s Oliver Pritchard commented, “We were really pleased to be able to advise Luke, Inge and Lola’s other shareholders in relation to this exciting deal. This transaction builds on our experience with tech business disposals and also involved an international dimension due to Lola’s Romanian based subsidiary and the Buyer’s global reach. We wish the business all the very best for the future.”

Luke McNeice, the founder of Lola Tech, commented, “A big shout to Oliver and Tom who got us over the line.  Howes Percival’s corporate ethos was a great match for ours, and that played a big part making it as straightforward as possible to work through all the different aspects of the transaction.”

For more information on Howes Percival’s Corporate team or help with acquisitions or disposals, please visit our website here https://www.howespercival.com/services/corporate/

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For further information please contact: gordon@mawcomms.co.uk

Notes to editors:

Picture: Members of the Lola Tech team in Cluj, Romania. The photographer and the copyright owners are Lola Tech Holdings.

Howes Percival has offices in Cambridge, Leicester, Manchester, Milton Keynes, Northampton and Norwich.  It has 47 partners and 171 lawyers in total.

The firm is recommended in The Legal 500 – the authoritative guide to the UK’s leading law firms.  In the 2023 guide, no fewer than 10 different departments achieved the guide’s highest possible ranking (Tier 1): Corporate and Commercial; Dispute Resolution – Commercial Litigation; Dispute Resolution – Debt Recovery; Finance – Insolvency and Corporate Recovery; Human Resources – Employment Law; Private Client – Tax, Trusts and Probate; Real Estate – Commercial Property; Real Estate – Property litigation; Real Estate – Environment & Planning; Intellectual Property.