Taylor Wessing has advised the management teams of both Sequel Business Solutions and Pattonair on the sale of their respective businesses, inside a week.

Sequel Business Solutions, a leading insurance software and services provider, has been sold to Verisk Analytics, a US data analytics provider for clients in the insurance, natural resources, and financial services sectors, for a purchase price of £250m.  Founded in 1993, Sequel provides operational and risk analysis software to a range of clients in the insurance sector, including Lloyds of London. It employs approximately 150 people in offices in London and Spain.

Pattonair, a leading supplier of components to the aerospace and defence industry, backed by Exponent, has been sold to US-based Platinum Equity. Pattonair specialises in the supply of small and medium value components, and its clients include Rolls-Royce, United Technologies, Safran Group, Parker, GE, Boeing and Airbus. Pattonair has operations in Germany, Poland, Italy, France, Singapore, China, Canada, the US and Brazil.

Sequel reported revenues of £26m and EBITDA of £12m for the year to 30 June 2017, while Pattonair reported revenues of £326m in 2017.

The Taylor Wessing team advising the management team of Sequel was led by Private Equity partner Edward Waldron, supported by senior associate Suzy Penney and associate Alex Walker. Private Equity partner Emma Danks led the Pattonair transaction with the support of senior associate Suzy Penney and associate Alex Walker.

Emma Danks said: “We’re delighted to have helped the management teams of both Sequel Business Solutions and Pattonair in recent months ensuring each business has culminated in a successful sale.”