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11 May 2022

Stephenson Harwood advises Codestone on Clarivos acquisition


Law firm Stephenson Harwood LLP has advised the Codestone Group, a portfolio company of FPE Capital, in relation to its acquisition of Clarivos, a specialist technology consultancy for the office of the CFO.

The deal will see Clarivos bring more than 70 people who have delivered over 350+ successful Enterprise Performance Management (EPM) and Enterprise Resource Management (ERP) projects in the UK and across the EMEA region. It is anticipated that the acquisition will generate £10 million in incremental revenue, and £2 million in incremental adjusted EBITDA, over the next 12 months.

The Stephenson Harwood team was led by partner Malcolm MacDougall, who was supported by senior associates Chris Manning and Nicola Baird and associate Dafni Loizou. Further support was provided by employment partner Richard Freedman and associate Michele Aubertin.