ECS delivers digital solutions that harness the latest cloud technologies, with a focus on digital engineering, data analytics and customer experience. The company serves multiple industries, with particular expertise in the banking and financial services sector, as well as telecommunications, pharmaceuticals and energy.
The ECS Group was formed of three separate holding companies, each with its own independent share structure. The group also had subsidiary companies in Singapore and India.
Key highlights
- Advising all share and option holders of ECS
- ECS is a longstanding client of the firm, with Brodies having previously advised on the sale of another member of the ECS Group in 2019
- We efficiently managed the logistical challenges of multiple share and option holders in three distinct targets to deliver a successful completion within a short timescale.
The Brodies team, led by Doug Crawford, were outstanding in supporting us on this transaction. This is the second deal which Brodies has completed for the ECS Group and we always feel totally assured in their hands. The calmness in their approach combined with their commitment, responsiveness and pragmatism makes them a formidable team; and we were happy to have them on our side to ensure the success of this deal for all shareholders. Eddie Young, Chairman, ECS Group
Outcome
Support on a previous transaction led to instruction on the sale of the remaining companies within the group.
Brodies handled all sell-side aspects of the deal, demonstrating in-depth sector knowledge and co-ordinated specialist input on tax, incentives, employment and intellectual property matters. Given the complex corporate and shareholding structure, there was a requirement for multiple SPAs and a tactical approach to the legal documentation.
The deal was completed against the backdrop of COVID-19 restrictions. We efficiently managed the logistical challenges of multiple share and option holders in three distinct targets to deliver a successful completion within a short timescale.
The ECS Group was sold to GlobalLogic Inc., a leading global software engineering services provider.
The acquisition allowed GlobalLogic Inc. to increase its footprint in Europe, and the financial services sector, while adding a significant number of cloud-centric offerings to its portfolio.
