Matheson recently advised the Abtran Group (“Abtran”), the Cork-based outsourcing firm, on the sale of the company’s entire share capital to Morgan McKinley, an Irish professional services and recruitment group.
Abtran is Ireland’s leading home-grown provider of business process management services. They are headquartered in Cork and have multiple sites across Ireland, employing approximately 1,600 sales and service specialists. The company provides clients with a mix of outsourced, insourced and fully managed services and holds a wide range of public and private contracts across the utilities, transport, financial services and government sectors.
The combination of the two businesses requires the approval of the Competition and Consumer Protection Commission and is expected to complete in the coming months.
Abtran were advised by a cross-departmental Matheson team led by Corporate M&A partner Brian McCloskey and Corporate M&A senior associate John Coary. The Matheson team working on the transaction involved a number of specialist departments from across the firm, including Banking and Data Protection.
Brian McCloskey, Matheson corporate partner commented:
“We are delighted to have had the opportunity to advise Abtran in relation to its combination with Morgan McKinley. This marks an exciting next chapter in Abtran’s growth story and we trust that the strategic combination will have significant benefits for both businesses. Having had a long standing relationship with Abtran, we are very pleased to have had the opportunity to have worked with the Abtran team to deliver this deal, which represents an important step in the business’s continued growth and development.”
With a wealth of experience across our six partner led offices worldwide and a dedicated 100 person Corporate Department, Matheson has some of the most experienced corporate lawyers in Ireland. Excellence matters and Matheson’s Corporate Department, led by 23 partners, has unparalleled experience in complex and innovative domestic and international corporate transactions across all industry sectors.