Price Bailey Strategic Corporate Finance has advised on the successful sale of Schools Website, the UK’s largest website provider to schools, to US-based provider Finalsite. The deal is the second significant US tech deal the firm has completed this year.
As a result of the acquisition Finalsite will serve over 2,500 schools in more than 70 countries, with design studios, support teams, and software products from teams based in both the US and London, enabling it to support the needs of its customers internationally.
The Price Bailey team provided support for the deal, managing the process of financial due diligence, accounting for the parent company and consolidation issues and taxation advice. The firm also introduced Birketts to the deal to manage the legal elements.
“Bringing together School Website and Finalsite has tremendous strategic value, as it not only benefits both sets of customers, but also injects new momentum into the industry as a whole,” said Daniel Clarke, CEO and founder of School Website. “The Price Bailey team provided support throughout every step of the deal process, and ensured that were able to maximise the value of the deal through, among other things, sound accounting and tax advice.”
“I am delighted that we were able to assist with the successful conclusion of this deal,” said Simon Blake, Head of Price Bailey Strategic Corporate Finance. “Our broad range of specialisms, and experience in advising on often complex international transaction like this, is what sets us apart from many of our competitors.”