London - Global law firm K&L Gates LLP advised Confluence Technologies, Inc., a global leader in investment data management automation reporting technology, on its acquisition of StatPro Group plc (LON:SOG), a global provider of cloud-based analytics and data management tools for the asset management industry. Under the terms of the transaction, Confluence has acquired the entire issued and to-be-issued ordinary share capital of StatPro in exchange for approximately £161.1 million in cash. The acquisition will expand and complement Confluence’s plans to migrate its offerings into innovative, cloud-based solutions. “Confluence appreciates the speed and discipline the K&L Gates team displayed during this intense engagement,” said Mark Evans, Founder and CEO of Confluence Technologies, Inc. “Paul and Tom’s strategic and practical advice was invaluable to our business and legal teams’ ability to complete this transaction.”
The team that advised Confluence was led by London corporate partners Paul Tetlow and Tom Wallace and also included Pittsburgh partner Adam Kelson, London associates Craig Fraser and Emma Cooper, and many others.