Mirador Analytics is an expert in global statistical disclosure risk analysis for healthcare organisations managing data privacy issues. Although based in the UK, it is a global organisation with most of its revenue derived from the USA. Mirador has developed a SaaS based data analytics solution to serve its clients.
We acted for Mirador when it was first established, and during the six-year period prior to sale, developed a detailed understanding of the business and a strong relationship with its founder, advising on IP and data issues together with corporate advice.
As a trusted adviser to the Company and its shareholders, we were asked to advise on its sale. Our corporate role was further enhanced by our credentials in healthcare and understanding of IT contracts and complex transborder data issues (including jurisdictional issues and the application of UK data protection law to US processing). The transaction required a firm with full services, including tax support, which Brodies was in a position to include in a deal team.
We advised on the incentives aspects of the sale of Mirador Analytics to US based Datavant Group. Our role included advising on the tax implications of management equity and the implementation of a post transaction management incentive scheme for UK-based employees. We advised on the UK implications of employee equity and co-ordinated advice from Williams Mullen in Virginia on the US aspects.
Our tax and incentives team also considered the design and implementation of a tax efficient management incentive plan for management following the acquisition.
Key highlights
- The matter was cross-jurisdictional - the buyer was a USA corporation and the sellers were recieving consideration shares in a US LLC.
- Our established relationship with Williams Mullen in Virginia completed the team, supporting us on the documentaton governed by Delaware law.
- Having acted for Mirador Analytics since it was first established in 2015, our deep understanding of the client's business and strong relationship with its founder built over the previous 6 years was key to us winning the mandate to advise.
We make data more accessible and reduce the risk of being able to identify someone. There is a whole industry trying to connect data together. It used to take individuals to do the checking work. Now we have a solution that can be used across the whole market. Datavant bought us to scale the technology. We will globalise our work. Jamie Blackport, the founder and president of Mirador Analytics
