Our international corporate practice has led a cross specialism and jurisdictional team advising Rigby Private Equity Limited (Rigby) on the sale of Nuvias Group (Nuvias) - a cyber security and intelligent networking solutions business - to European private equity backed distributor, Infinigate Group AG (Infinigate). The sale will combine two international businesses and form a cyber security business which spreads across Europe and EMEA with an anticipated turnover in the region of Euro 1.4 billion.
Nuvias' European Unified Communications business will remain with Rigby and Rigby will become a shareholder in Infinigate. The sale is subject to regulatory approval but is expected to close in the fourth quarter of this year.
Gowling WLG is a long-standing adviser to Rigby and has previously advised Rigby on a number of sales from its portfolio of businesses, including the sale of leading data connectivity platform FluidOne Limited in 2019.
Rigby client partner Ragi Singh led the deal, working alongside principal associate Christopher Letters (corporate) and partners in Gowling WLG's offices across the UK, Europe and Middle East including Amar Adatia (corporate), Bernardine Adkins and Samuel Beighton (EU, sanctions, trade and competition), Chris Brierley (banking), Luke Kempton and Kate Swaine (IP), Ben Stansfield (environmental), Anna Colley (real estate), Jocelyn Paulley (data protection), Andreas Woelfle (Germany - corporate), Barbara Jouffa (France – corporate), Danhoé Reddy-Girard (France – banking) and Tim Casben (UAE – corporate). In addition, assisting were legal directors Florian Holfeld (Germany - corporate), Angela Rawlins (banking and finance), principal associate Elizabeth Emerson (tax), senior associates Zoe Pearman (IP), Sarina Mann (banking and finance), associates Alex Lakeland-Reed and Vic Sewak (corporate), James Stunt (EU, sanctions, trade and competition) and Kamarya El Yaagoubi (France – real estate).
Commenting on the team's role, Steve Rigby (co-CEO Rigby Group Plc) said:
"We knew this project would be complex given it involved a sale of business spanning numerous countries, a carve out, a reinvestment and regulatory approval. Our previous experience of Ragi and the wider Gowling team meant we were confident they had the expertise and resources to deliver in all respects against a challenging timetable. This, combined with the strategic importance of this sale, meant they were a natural choice for us".