Brachers advises on the international sale of UK digital risk protection platform, TurgenSec to US firm
Brachers Corporate team has advised on an international deal for the London-based, global digital risk protection platform, TurgenSec Ltd which has sold its business and assets to a US technology firm. Brachers advised on all UK aspects of this deal, from offer letter through to structuring through to due diligence and documentation.
Founded in 2019 and headquartered in London, TurgenSec Ltd offers cost effective bespoke cyber security and cyber security testing to individuals and organisations. TurgenSec Ltd pride themselves on their commitment to creating a more secure and safe digital ecosystem with their offering of digital risk protection products.
The international aspects of the transaction meant that the Brachers team had to overcome the differences of dealing with UK and US legal approaches. The deal involved a US buyer of a UK business which added a significant layer of complexity to this transaction.
Corporate Partner Claire Williams led the deal for Brachers, alongside Corporate and Commercial Solicitor Kieron Cummins and Employment Partner Colin Smith. Brachers also worked in collaboration with Morse Law of Massachusetts, USA and Kreston Reeves for tax structuring advice to complete this deal on behalf of the seller.
Claire Williams commented: “It was great to work with TurgenSec on this international deal. We’re glad that we could overcome the complexities and trans-atlantic differences involved in this deal to achieve a result that both parties were happy with and that will give the TurgenSec business fantastic opportunities for growth”.
TurgenSec Director, Alex Tarter commented “I learned a lot about what to do and what not to do with these sorts of transactions going forward. It’s been a journey – thanks for all your support.”