Willkie represented FFL, through its portfolio group Laurel Solutions, in the cross-border acquisition.
On March 14, Willkie client Friedman Fleischer & Lowe (FFL Partners) announced its acquisition, through its portfolio group Laurel Solutions, of Servelec Technologies, a market-leading UK-based provider of remote telemetry units, secure SCADA systems and business optimization software.
Servelec Technologies is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, its hardware and software products, systems, and consultancy services have been used by the world’s leading companies across sectors such as water & wastewater management, oil & gas, transportation, communications & broadcast, and energy.
FFL Partners is a San Francisco-based private equity firm with over $4.5 billion under management. For over fifteen years, the firm has helped build industry-leading companies, providing capital and advice to exceptional management teams to grow businesses and unlock value. FFL invests in business services, industrials, consumer products and services, financial services, and healthcare services.
The cross-border deal was handled by partners Neil Townsend and David Cosgrove, UK partner Philip Coletto and associates Joshua Begner and Michael Grant.