Commercial team hit £50m deals target

The Wake Smith Company Commercial Team
The Wake Smith Company Commercial Team

Solicitors at Sheffield law firm Wake Smith are celebrating the completion of over £50m worth of corporate transactions in the last 12 months.

Solicitors at Sheffield law firm Wake Smith are celebrating the completion of over £50m worth of corporate transactions in the last 12 months.

Despite the tough economic climate the company commercial team, headed up by partner Duncan Shepherd, has administered 38 deals for companies including B2NET Limited and HSBC.

In an initial £1million deal, the team at Wake Smith have assisted IT solution provider B2NET Limited, which has its head office in Chesterfield, in its acquisition of the Essant group of companies, an online data protection service.

The team has also led instructions from HSBC Bank plc, overseeing its provision of term loan facilities of over £1 million to MAM Software Limited, a software and data solutions specialist for the automotive market, based in Barnsley. The deal is in connection with MAM Software’s US group refinancing.

Mr Shepherd said: “Despite reports of a struggling market, the team at Wake Smith has been inundated; over-seeing deals of differing size across various sectors.

“That we have successfully overseen such a range of work, of such complexity in the last year, is testament to the team’s strength and their ability to handle transactions with expertise.”