11 March 2021 | Firm News | Article by Rowena Downie

Hugh James advises on Circle IT acquisition of Fabric IT

The Hugh James Banking and Finance team has played a role in Circle IT’s acquisition of Microsoft Gold Dynamics/CRM Partner Fabric IT.

Banking Partner, Rowena Downie, advised long-standing client HSBC on the due diligence aspects of the deal, which takes the Circle Group to £25 million in turnover and over 100 employees.

Fabric IT will continue to operate autonomously under the deal, which provides Circle IT customers with enhanced Microsoft Cloud capabilities.

Commenting on her involvement, Hugh James Banking Partner, Rowena Downie, said today:

“I was pleased to support Daniel Rees and the rest of the HSBC team on the finance of this strategic acquisition. The tech sector is a burgeoning one and it’s a pleasure to be able to provide a helping hand with exciting developments like this one.”

Author bio

Rowena is a partner and works within the firm’s banking team. Her area of expertise includes real estate finance, acquisition finance, renewables finance, development finance and intercreditor arrangements.

Some of her most notable clients include NatWest, HSBC Bank Plc, Hodge Bank, Metro Bank Plc, Lloyds Private Bank and the Development Bank of Wales (formerly Finance Wales). She regularly provides advice to these clients on all areas of banking.

Disclaimer: The information on the Hugh James website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. If you would like to ensure the commentary reflects current legislation, case law or best practice, please contact the blog author.

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