Global law firm Ashurst is advising Rothschild & Co, as financial adviser to Welcome UK Bidco Limited (Bidco), on the offer by Bidco for the entire issued and to be issued share capital of SmartSpace Software plc (SmartSpace) announced today.
SmartSpace is a fast-growing SaaS-based technology business, designing and building smart software solutions that help to transform employee engagement. The SmartSpace group’s software solutions include modules for visitor management, desk management, meeting room management and analytics. The operating brands of the SmartSpace group comprise ‘Space Connect’ and SwipedOn’.
The transaction is being financed by equity provided by funds advised by PSG. PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalise on strategic opportunities and build strong teams.
The Ashurst team is being led by partner Tom Mercer, assisted by associates Colin Bugler and Gareth Mair.
