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18 Mar 2020

Stephenson Harwood advises on management buy-in backed by Baird Capital

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Law firm Stephenson Harwood LLP has advised a former team from a FTSE plc on the simultaneous acquisitions of two leading tech businesses – Intevi and Karlson – to create a new brand to reimagine future workspaces, Aura.

The team have brought together Intevi, the collaboration solutions specialists, and Karlson, the workflow and managed print services experts, in a management buy-in deal backed by Baird Capital.

Alpesh Unalkat, Aura CEO, said: “With private equity backing, two complementary businesses as the foundation for growth and the entrepreneurial spirit and track record of those involved, we have huge aspirations for Aura in reimagining the future of workspaces.”

“We are very pleased to have supported the management team on the journey all the way through from leaving Capita, to successfully completing this transaction, which was a complex one, bringing together two businesses,” said Malcolm MacDougall, Stephenson Harwood partner. “We wish the team all the best as they grow and develop Aura.”

The Stephenson Harwood team was led by private equity partner Malcolm MacDougall, with support from senior associate Nicola Baird and associate Dafni Loizou. They were assisted by the tax team, which comprises partner John Meehan, senior associate Kate Worthington and associate Tom Leatherby, the employment team, which consists of senior associate Richard Freedman and associate Imogen Heywood, and commercial associates Bobbie Bickerton and Joshua Cunnington.

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