Ashurst advised Babcock Integrated Technology Limited, a wholly owned subsidiary of Babcock International Group PLC, the UK's leading engineering support services company, on its acquisition of the entire issued share capital in Context Information Security Limited for £28 million plus deferred consideration of £4 million payable in 2016. The acquisition was completed on 16 December 2013.
The Ashurst team was led by corporate partner Karen Davies, assisted by senior associate Dominic Ross, and associate Matt Sparks. Partner Richard Palmer advised on the tax matters, assisted by senior associate Philippa Michie. Competition advice was provided by partner Duncan Liddell. Counsel Stephen Diosi advised on employment issues, assisted by associate Daisy Jones. Counsel Chris Taylor advised on the property aspects of the acquisition, and associate Mark Sweny advised on IP matters.