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United States : Proskauer Advises Motive Partners on Proposed Acquisition of Significant Stake in Global Shares Plc.

International law firm Proskauer advised Motive Partners on its proposed acquisition of an approximate 40% stake in Global Shares Plc, a leading provider of equity compensation management solutions to global corporations. The transaction is subject to customary closing conditions, including requisite regulatory approvals, and is expected to close in Q4 2018.

Motive Partners is a sector specialist investment firm that is focused on technology enabled companies that power the financial services industry. Based in New York and London and comprised of investors, operators and innovators, Motive brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies.

Headquartered in Cork, Ireland, Global Shares was founded in 2005, and is a market-leading provider of innovative software and services for employee equity share plan administration. Motive Partners will partner with Global Shares to accelerate the company's long-term growth and value creation. This will include its international expansion and strategic hiring.

The Proskauer team was led by partner Richard Bull and included associate Thomas Wood (Private Equity and Mergers & Acquisitions).

Andy Stewart, Partner at Motive Partners, commented: It has been a pleasure working with Richard, Tom and the wider Proskauer team. They have done an excellent job advising us on this transaction and we look forward to working with them on further investments in the near future.

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Publication:Mena Report
Date:Aug 6, 2018
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