DWF advised Sponge on the deal, while Pinsent Masons advised Idox plc.Sponge, a digital learning provider, acquired Idox Compliance from its parent company Idox plc.
Sponge offers training solutions that solve multiple business challenges, from risk and compliance to people development and skills enhancement. It is backed by Aliter Capital LLP, a specialist UK support services investor.
The acquisition of Idox Compliance, which has operations in the UK, Germany and Belgium, will provide Sponge with an operating presence in the EU, will allow for further growth and strengthens its library of market leading, ready-to-go compliance-related content.
DWF’s global corporate team, led by Gemma Gallagher (Picture) and Paul Pignatelli, advised Sponge with support from teams in the UK, Germany, Belgium and Holland, including Hope Donnachie, Caroline Colliston, Freya Gibb and Andreas Panzer.
Idox plc were represented by Pinsent Masons (Graeme Stapleton, Rosalie Chadwick and Steven McKinlay).
Involved fees earner: Caroline Colliston – DWF; Hope Donnachie – DWF; Gemma Gallagher – DWF; Freya Gibb – DWF; Andreas Panzer – DWF; Paul Pignatelli – DWF; Rosalie Chadwick – Pinsent Masons; Steven McKinlay – Pinsent Masons; Graeme Stapleton – Pinsent Masons; Law Firms: DWF; Pinsent Masons; Clients: Idox plc; Sponge;