Ezurio, a leading supplier of Bluetooth and 802.11 (Wi-Fi) embedded RF modules, as well as M2M (machine to machine) solutions for wireless data communication applications serving the retail, automotive, healthcare, and other market segments including EPOS (Electronic Point of Sale), has been sold to Laird plc, a leading supplier of electronic components and wireless products, for £12.5 million.
Kemp Little acted for the management team on the transaction. KL has acted for Ezurio and its management team since September 2004 when it advised the management team on the MBO of the business from TDK Systems, backed by 3i Group plc. The team was lead by corporate partner, Siobhan McElhinney, with assistance from Anne Dolan (corporate) and Paul Garland and Jeremy Harris (IP).
Clarity Capital Partners were corporate finance advisors to the Ezurio's management team on the sale to Laird and also acted from them on the original acquisition from TDK System and fund raising from 3i.
Siobhan McElhinney commented "We are delighted to have had the opportunity to work with Ezurio's management team on the sale to Laird and wish them great success with the business moving forward, at what is a very exciting time. This transaction is another example of KL's commitment to working with fast growing venture backed business through their whole lifecycle - from inception to exit - providing a comprehensive range of legal services".
Ivor Thomas, Ezurio's COO, commented "Ezurio is delighted to become a part of Laird Technologies. By combining Ezurio's and Laird Technologies' RF products and delivering them through Laird Technologies' global presence, we will be able to continue our growth which Siobhan and the team Kemp Little have so ably supported since our MBO. Siobhan's responsiveness and understanding of our needs are hugely appreciated."
Ashurst (Rob Aird) acted for Laird plc and Osborne Clarke (Richard Craven) acted for 3i.
About Kemp Little LLP
Kemp Little is recognised as the UK’s leading technology-focused law firm. The practice specialises in technology sectors and the sectors that technology transforms.
We act for leading organisations across the range of technology and communications industries and in sectors where technology transforms how business operates like financial services, media, travel, retail, professional services, healthcare and the public sector. Our clients range from the largest global public companies and organisations to early stage ventures with exciting new technologies.
We are well known for our innovative approach. We were the first UK law firm LLP and the first UK law firm to launch a WIP extranet letting clients see ‘what’s on the clock’. We were recently voted one of Europe’s to 50 most innovative law firms by the Financial Times for the second year running.
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